Apr. 21, 2022
-----Original Message----- From: John Martens < > Sent: Wednesday, April 20, 2022 11:40 AM To: Chair < > Subject: SR-NSCC-2002-801 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. Good morning Mr Gensler, I am a retail investor and would like to express my concern about the above noted rule. The NSCC specifically understands that there are FTD’s, Naked Shorting and similar vehicles that need to be cleared. This rule adds another transaction layer that replaces old obligations between the NSCC member lender/short sellers/prime brokers with a new obligation between the member and the NSCC itself as the new counterparty. This rule has been withdrawn twice now and comes back with changes that specifically neglect the needs and availability of a truly free market to retail investors. This rule will punish the retail investors who are just trying to compete in a market that heavily favours the large institutional investors. I respectfully request that this rule be withdrawn. John Martens