Subject: File No. SR-NSCC-2022-801
From: Andrew George

April 20, 2022

This transaction clearing proposal seems to only benefit larger institutions willing to take risks driving down prices and limit their own loss potential. This is not in good faith for the market as a whole and looks to only separate retail even further from the market makers ability to affect pricing. In the very least there needs to be stipulations to avoid abuse further in the market and not allow blank checks to be written by firms who don't want to play fair when they fail to deliver.