April 20, 2022
This proposal is absolute trash. A shifting of responsibilities in the guise of improving efficiency. The NSCC is asking to be allowed to distort the market in the favor of paying members over retail traders. The market at times should be erratic and unpredictable. Capitalism is imperfect. The BIG QUESTION here is \"How does the creation of this facility STOP failures-to-deliver and restore trust in the market?\" The answer...IT DOES NOT. Do not give them another mechanism to shift blame, control prices and generally overburden the rest of the world with unnecessary debt obligations. SEC, please stop playing their game and take control of the situation. If rules like this continue to be accepted no person under the age of 55 will continue to invest in a crooked market. We have lost confidence, you need to let them FAIL. Volatility is normal, but this type of control and obfuscation is CRIMINAL.