Apr. 20, 2022
To whom it may concern, I am writing you this morning in regards to the recently proposed rule SR-NSCC-2022-801. I vehemently oppose this proposal as it would allow the creation of Security Financial Transactions (SFTs) to be used as a means to perpetuate, instead of settle, Failure-to-Delivers (FTDs). This rule would allow market makers another means to avoid accountability and prevent true price discovery on securities. There is already a diminished perception that the US markets are fair. The SECs obligation should be to improve that perception and one step to further that goal would be to reject this proposal altogether. The SEC should be striving for enhanced transparency in our markets, not accomodating those already at an advantage with complicated means to neglect their fiduciary responsibilities. Considering there is a precedence of similar proposals being rejected in the past, please remove SR-NSCC-2022-801 from consideration. Thank you for your time, Thaen