Apr. 20, 2022
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. To whom it may concern, This is a comment in regard to proposed rule SR-NSCC-2022-801 I just don’t understand how allowing more flexibility in failures to deliver is even remotely in anyone’s interest except for parties who have exceptionally large FTD numbers. In my industry if I sold something, took the money, and never delivered it, there would be consequences that would affect my livelihood. If I did it enough I could probably go to prison for fraud. This isn’t that different and the proposed rule change absolutely favors parties who fail to deliver. It’s insane that there isn’t same-day settlement in the digital age. What’s the delay? Please, do the right thing for retail investors. This proposal is laughable. Your friend, Alex