Apr. 20, 2022
Greetings, After reading SR-NSCC-2022-801 here is my comment: The proposed rule makes English sound like nails on chalkboard. That is a metaphor for what the rule entails. By passing this for the NSCC you will lose all and any faith from the majority of American investors and that will mark the moment that our financial markets will no longer be seen as just. Any remaining trust will diminish. Not only by Americans but by the world. If someone walked into a store and took every piece of inventory but left an IOU, they would be arrested. Yet for over a decade Wall Street has been borrowing shares and creating synthetics, while paying measly fines that don't amount to any action being taken to stop them. They have taken down American businesses this way yet no one has been arrested. They need to be held accountable for what they agreed upon and changing rules now to further accommodate their nefarious practice would be a big middle finger to everything America stands for. Please do the right thing and veto this rule. End naked shorting. Turn off the dark pool. They have been manipulating stocks yet haven't faced any consequences. It is time. They are leeching from the economy and have no shame in their greed. Please do the right thing. Best regards, Concerned American, Investor and Taxpayer