Subject: File No. SR-NSCC-2022-801
From: Francisco Sandoval
Affiliation: Sr. SW Eng.

April 20, 2022

I fail to see how any form of allowing Fail to Delivers is beneficial to the retail investor.
Please remove or reword the rule to allow Security Financial Transactions to be used to avoid the financial obligations that result in true price discovery, otherwise this opens a potential venue to avoid the immediate responsibility of delivering on a financial contract.
Thank you for your time.