Subject: File No. SR-NSCC-2022-801
From: Kevin Chester
Affiliation: Retail Investor

April 20, 2022

As an individual investor and US Citizen, I understand this rule change to be a way for Market Makers and other large institutions to avoid meeting their obligations.

Your job is to regulate securities trading. It is not to protect the large institutions time and time again while they prey on regular citizens. Changes like this only help make it easier for them to avoid laying in the bed they made by letting them avoid all obligations.

How does that help protect market integrity?

Do the right thing. Strike this proposed rule down.