Dear Ms. Countryman,
As a retail investor, I respectfully submit this petition for rulemaking pursuant to Rule 192 of the Securities and Exchange Commission’s (“SEC”) Rules of Practice [1], to request that the SEC amend Rules 18 and 22 of National Securities Clearing Corporation (“NSCC”) Rules & Procedures [2] to provide investors with clarity and certainty regarding settlement of guaranteed transactions, strengthen the resilience of a registered Clearing agency (e.g., the NSCC) for their role as a central counterparty (CCP), and support the stability of our financial markets and financial system by incentivizing appropriate risk management practices by market participants.
I respectfully submit this petition consistent with the SEC’s website for Petitions for Rulemaking Submitted to the SEC [3] which states “[a]ny person may request that the Commission issue, amend or repeal a rule of general application” where “[p]etitions must be filed with the Secretary of the Commission” and “[p]etitions may be submitted via electronic mail to Secretarys-Office@SEC.GOV (preferred method)”. This petition also satisfies requirements that “[p]etitions must contain the text or substance of any proposed rule or amendment or specify the rule or portion of a rule requested to be repealed” and “petitions must also include a statement of their interest and/or reasons for requesting Commission action.” [Id.]
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Thank you,