Subject: SR-NSCC-2022-003: WebForm Comments from Micah Gray
From: Micah Gray
Affiliation:

Jun. 01, 2022

June 1, 2022

After reading over this proposed rule 003 I have determined that this appears to be nothing more than a way to protect market participants that have been breaking the law via naked shorting and FTDs. I understand that it is disguised as a way to prevent market volatility, but this absolutely should not be accomplished by protecting HFs, institutions, and other market participants who illegally naked shorted particular stocks. This will not be swept under the rug, this appears to make the SEC complicate with these illegal activities. This rule should absolutely not be implemented under any circumstances.