Subject: NSCC -2022-801 and NSCC - 2022-301
From: Ray Johnson
Affiliation:

Apr. 24, 2022

This rule is a clear attempt to launder illegal naked shorts and FTDs.  The DTCC and the NSCC both know there are billions upon billions (possibly trillions) of dollars’ worth of Naked Shorts, FTDs and the like that need cleared.