Apr. 20, 2022
This rule proposal is another slap in the face of the retail investor. By limiting/removing the infinite risk of a very risky financial play (naked shorting) that has been proven to hurt the small investor and targeted companies, the NSCC is increasing the protection of the financial institutions that are a parasite to the economy. In addition to the numerous other protections the predatory large financial institutions enjoy, the NSCC is now attempting to limit their exposure by allowing the covering of a failed-to-deliver short with other securities. I am against the proposed rule and request the NSCC to stop the absurd steps they are trying to take to protect the criminals. Brent V.C. Retail investor