Apr. 19, 2022
to whom it may concern, after reading your proposed SR–NSCC– 2022–801, I have to say that its wording appears obtuse and difficult to summarize for casual users who are also part of the system. based on my understanding, your proposed rule will mean exponentially increased share lending by larger participants without accountability for poor choices thus putting everyone else at risk. FTD's need to be addressed, regular participants need to be advised in a timely fashion that their money has not been allocated as expected (a contractual failure has occurred at this point) and a plan put in place to complete said contractual obligations by the responsible participant(s). if a FTD occurs, there needs to be accountability and a system put in place to curtail repeating FTD's or rolling them over to the next victim. The participant(s) who are not responsible for the FTD in no way should be penalized for what has occurred outside of their view and in most cases their knowledge. to summarize, this rule fails to protect the average user and is encouraging further abuses by those with the means and inclinations to facilitate such bad trading habits that has cost the least able to afford to loose the most. Sincerely an average participant who wants a fair market for all