Subject: SR–NSCC– 2022–801
From: Michael Richard
Affiliation:

Apr. 19, 2022

This rule appears to be a further attempt to complicate and mask true market price and delay buy-in on failures to deliver by creating alternative methods to pass on liabilities and hide the true counts of stocks and securities over-sold. As a retail investor I do not feel this is in the best interest of myself or the markets as all attempts to manipulate, mask, and distort securities price and order flow in dark markets further degrade the little trust that remains. 

- Michael Richard 
Bellingham, WA