Subject: File No. SR-NSCC-2022-801
From: John Fiori
Affiliation: CEO

April 20, 2022

This is a direct spit in the face to retail investors. Yet again rules are being passed to protect hedge funds and big players against their own stupidity, while leaving the players that are playing by the rules at a disadvantage yet again. Suspend dark pools. Until that is done, I will comment negatively on every proposed rule that you claim is for broader market protection. Because what that really means is, the big players are losing, change the rules so we win or well stop donating to you. Suspend the dark pools first so retail can see what true price discovery is. Until then, this is an absolute no from me.