Apr. 20, 2022
Mr. Gensler and the Honorable Members of the SEC, I’m a journalist, New York Times bestselling author of 11 novels published by Penguin and Random House Books, mother of three young sons, and an individual investor based in Seattle, Washington. I’m writing to urge you to vote “NO” on the proposed rule SR-NSCC-2022-801 / SR-NSCC-2022-003. I have read the documentation provided and conclude that this proposed rule is wholly unethical and a tactic created by short hedge funds and the wealthiest one percent to avoid accountability for fraudulent market behavior. If this rule is passed, it will prove what many of the retail investing public have long feared—that the American stock market is nothing more than a rigged, fraudulent casino that our country's wealthiest and most powerful control. When they make poor investing choices, they get bailed out or change the rules. The present climate of our U.S. stock market is not the America that our founding fathers (and mothers) shed blood for. I implore you to vote “NO" on this proposed rule change and stand for what is just, right and ethical. I’ve listened to your testimony and interviews, and believe you to be a person who supports a free and fair American stock market. I understand that the good fight is fraught with red tape, bureaucracy, and I know it’s an uphill battle, but I have faith that you will stand with the millions of individual investors who look to you and your team to protect what is just—and not the special interests of the wealthiest short hedge funds and market makers—and vote “NO" on SR-NSCC-2022-801 / SR-NSCC-2022-003. Thank you for your time and consideration, Sarah Jio Seattle, WA 206-228-9598 -- Sarah Jio Journalist and New York Times Bestselling Author of 11 Novels www.sarahjio.com www.instagram.com/sarahjio