Subject: SR-NSCC-2022-801
From: Caleb Tilton
Affiliation:

Apr. 20, 2022



Good day to you,

As a retail investor, this proposed rule would be an absolute slap in the face to the average American/international investor. Giving the market makers the ability to cover their FTD’s with derivatives, instead of buying in at market value after 30 days, is an absolute abomination.

This market already suffers from an extreme lack of transparency, to the point that many Americans already do not trust this system. Me and many others want to see better transparency in our markets, and a chance to have even ground with market makers.

When rules like this are proposed, many retail investors are left with a bad taste in our mouths. Please look after and help us. Do not give all the power to reckless institutions, and help them run from their “idiosyncratic risk.