Jan. 8, 2024
Respectfully: Vanessa A. Countryman, Secretary; I submit this public comment on behalf of myself, a former PCO 179 with a wide network and knowledge from that position. I ask if your agency can definitively answer 'no' - yes or no- to a distortion of the original Congressional intent and permission that the proposed change to the rules of the New York Stock Exchange (“NYSE”) would depart from the statutory mission Congress has given exchanges and the Commission itself under the Securities Exchange Act of 1934? Specifically, if Congress intended the SEC to adopt listing standards for NACs it would have codified this issue of substantial political and economic significance with an appropriate statute. That this was not done, I beg to wonder if the SEC's position is to take a superposition to Congress by establishing unspoken law under the 'color of law' couched by terms of rules and policy, which undermines the voice and rights of the very people this rule will negatively impact without elected representation? This is clearly a violation of constitutional rights that is the superior 'Law of the Land'. In summary, I urge the Commission to disapprove the NYSE’s proposed rule. The NYSE’s rule proposal raises issues far too important for approval under the Commission’s summary decision procedure and without Congressional oversight in this hurried press to establish it with shortened notice to the public. Thanking you in advance for your serious consideration, J Reni Storm