Subject: SR-NSCC-2022-801 and SR-NSCC-2022-003
From: Chase Molchin
Affiliation:

Apr. 20, 2022




To whom it May Concern:

As a retail investor I am highly disturbed by the content of this new proposed rule that would effectively allow for FTDs (Failure To Deliver) to continue and worsen. This does not in any way benefit investors and in fact could be extremely harmful, which is the antithesis of the entire purpose of the SEC’s very existence.

Please do not allow SFTs (Security Financial Transactions) proposed in this rule, which would allow financial obligations of FTDs to be avoided potentially endlessly as they are passed along instead of settled. This is not acceptable and creates an opportunity to harm retail investors and it violates our rights for a free and fair market. The manipulation needs to come to an end.

Please remove this proposed rule and furthermore please do not try to propose something similar again in the future, as iterations of this have been rejected in the past and continue to be rejected by educated investors every time they resurface. What a colossal waste of time, mine and yours, to continue to have to repeat this song and dance over and over again.

Thank you in advance for your timely attention to this matter, and please live up to your obligations and help the investors from predatory behavior by financial institutions.

Sincerely,

Chase Molchin

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