Apr. 20, 2022
I am a retail investor and would like to make my thoughts to this proposed rule change known. SR-NSCC-2022-801 competes in the opposite direction of fair market mechanics and gives bad actors unlimited power to abuse such mechanics. This rule change seeks to "Alleviate Fail To Delivers" but otherwise does noting to eliminate them, and in effect protects the actions of the bad actors who abuse short selling or worse naked short selling which is ALREADY ILLEGAL. This rule leverages the complexity of financial vehicles to put power in the hands of institutions effectively safe-guarding them from their own bad bets. Passing this new rule "SR-NSCC-2022-801" would only further deteriorate the American public's faith in a "free and fair market" . I urge you to withdraw this proposal immediately. I strongly believe that to have a free and fair market, that all participants whether that be "institutions, hedge funds and retail investors" ; should be held accountable to ALL of their actions and not having a means to escape their BAD BETS.