Apr. 19, 2022
To whom it may concern, At its most fundamental level, this proposed rule change goes against the interests of retail investors by allowing dramatic increases in share lending without proper systems of accountability. As a retail investor, it is infuriating to watch institutions attempt to escape the consequences of their own poor investment decisions -- in this case, via SFTs, which seems to have been specifically created to protect those caught on the wrong end of abusive naked shorting. As an individual American investor, I was led to believe that unlike many other regimes in the world, our country upholds the values of capitalism through free and fair markets. It is therefore alarming that the institutions on Wall Street continue to use complex legalese and lengthy documents to essentially blindside and fleece retail investors. In conclusion, I would like to politely request that this rule -- SR-NSCC-2022-801 -- be withdrawn immediately. I would also like to politely request that the SEC should finally start attempting to protect retail investors instead of actively working to pass legislation that undermines them. Thank you for your time. Chris