Apr. 20, 2022
The proposed rule changes under consideration by the SEC (SR-NSCC-2022-801 and SR-NSCC-2022-003) are a severe threat to the validity of current markets for publicly traded securities and assets, in effect allowing what are intended to be risky options trades to instead be deferred indefinitely at minimal exposure to the entity that purchases them. The consequences of this rule change threatens to essentially destroy the validity of a free market, allowing naked short selling and potential FTDs to continue ad infinitum. Adopting these rule changes (already twice rejected) would only benefit major financial entities to the detriment of both average investors and the overall market. Implementing them would be a ridiculous decision with profoundly negative consequences. -- W. Taylor Leverage Tel: (410)-708-6795