Apr. 20, 2022
To Whom It May Concern: As a retail investor, I’m writing to express my strong objection and disappointment in rule SR-NSCC-2022-801 as proposed. Implementation of this rule will allow further abuse of Failure To Deliver (FTDs) by market makers, which inhibits true price discovery and severely undermines the true value of the companies I choose to invest in. Allowing Security Financial Transactions (SFTs) proposed in this rule would add yet another layer of opacity to the data available to non-institutional investors, therefore prohibiting them from making informed investment choices. Adoption of rule SR-NSCC-2022-801 will further erode the trust of regular investors and taxpayers in the securities markets. Additionally, I implore you to refrain from proposing similar rules like this in the future, as rules like this have been rejected by retail investors in the past already. I suggest SEC focuses its time and resources provided by the taxpayers on promoting and enforcing fairness and transparency in the markets. Thank you for your time.