Apr. 19, 2022
As a retail investor, I would like to comment against proposed rule SR-NSCC-2022-801. Just the same as SR-NSCC-2021-010, this is rule flys in the face of a free and fair market. The rule is purposefully convoluted with the hope it will fly over the heads of retail investors. The goal of this rule is clearly to avoid responsibility for the criminal actions hedge funds and market makers use to control the market at the expense of retail. There should absolutely not be an alternative clearing route for their obligations, the same way there is no alternative route for our own investment obligations. So while this shadowed manipulation has been attempted twice already, I would like to emphatically express this rule be turned down a third time. Sincerely, Chad Metcalf