Subject: Opposition to rule SR-NSCC-2022-801
From: Angello Maggio
Affiliation:

Apr. 20, 2022

 


Dear SEC, 

I email as I am concerned by SR-NSCC-2022-801 being proposed. This is essentially trying SR-NSCC-2021-010 again. 


This rule threatens fair price discovery and favors those who already hold immense power in the market. 
The ruling in essence is removing the risk from naked shorting, a practice that is already rampant and dangerous. 
I'm very saddened and disappointed by how the SEC has reacted to an unprecedented interest from retail investors. 


Please, if there is any self respect left, deny SR-NSCC-2022-801. 
Thank you. 


Best Regards, 
Angello Maggio