April 20, 2022
I do not agree with these proposed rule changes. This is simply a way for the NSCC to continue to ignore their obligations and continue to allow FTD'S. There have been many registered cases and examples of blatant overselling of securities and blatant Ignoring of FTD'S through ETF share creation and then further FTD'S.
The way these rules come across to me, they are simply a way to further compound an already existing problem.
In my opinion, the NSCC, DTCC and the DTC all require more supervision and oversight.
Everything in the world runs off of finances and These are the most important financial markets in the world.
Allowing this persistent crime of overselling and then failing to deliver does nothing more than create distrust In the regulatory bodies that are supposed to be policing the most important financial system in the world.