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.