Apr. 20, 2022
Hello, I'm writing as a retail investor to place on record my thoughts on the proposed rule SR-NSCC-2022-801. I urge the SEC to withdraw this proposal immediately and without delay. This proposed rule is a disgrace and does not in any way benefit retail investors, nor does it provide any form of transparency within the US financial markets. Rather, it reduces transparency and provides loopholes for bad actors to continue robbing retail investors. This administration has done nothing to combat naked short selling, payment for order flow (PFOF), dark pool trading abuse, failures to deliver (FTDs), and a myriad of other issues that create systemic risk. These abuses are plaguing the US financial markets by high-frequency trading (HFT) firms and other institutional investors and I urge the SEC to act immediately. Please withdraw this proposal at once and make every effort to create new rules that would actually be beneficial to retail investors. Thank you, A Very Concerned Retail Investor