April 20, 2022
Proposed rule SR-NSCC-2022-801 is another rule to benefit financial institutions and disadvantage retail. This proposed rule would allow significantly more naked short selling, the production of synthetic shares, and more institutions failing to deliver. Keeping it simple, the rule would allow further manipulation of individual stocks and the market as a whole. Price discovery would be virually non existent, and market manipulation would futher increase. Faith in the U.S. stock market is fading as illegal and/or questionable practices continue. If rule SR-NSCC-2002-801 is passed, this would further discourage investing in the U.S. market.