Apr. 20, 2022
Good morning, I would like to voice my concern for the aforementioned rule, SR-NSCC-2022-801. The proposed rule aims to prolong the goal of true price discovery in our markets by allowing institutions with already far too much control of the markets to "kick the can" by the equivalent of taking a 0% interest rate credit card to pay down a previous loan. The end result of this rule is that short-sellers in particular will never have to buy-to-close their toxic positions in the market, which I believe will lead to more pain down the road. The free market depends on real price discovery, any rule that aims to deter that, especially when it asymmetrically favors Wall Street, should be swiftly disallowed. Please do better for the retail traders you claim to represent. -- Regards, Tejveer Pandher, OD