Subject: File No. S7-20-21
From: Robert Zuccarello
Affiliation: Retail Investor - Fidelity

January 24, 2022

Over the past 12 months, retail investors have exposed the on-going market manipulation by market makers, hedge funds, FNRA, DTCC and the conflicts of interest within our reporting organizations and the U.S. Government.

As a retail investor, I have seen first hand how shares of AMC and GME are being manipulated in the NYSE and the Option Chain.

Market Makers and Hedge Funds use naked shorting, synthetic shares, algorithmic trading, payment for order flow (PFOF), Dark Pool trades, restricted trading through the removal of the BUY/SELL button and blatant disregard of settlement rules.

Let's not forget the stock manipulation by Hedge Funds by their friends in the financial media.

The NYSE is NOT A FAIR TRADING ENVIRONMENT for ALL INVESTORS. The Rules and Regulations have not kept pace with technology and market makers are exploiting that fact to ROB RETAIL INVESTORS BLIND.

Don't be fooled, Market Maker's and Hedge Funds... They are looking out for their own best interests. They view RETAIL INVESTORS and lambs being lead to slaughter Remember, retail investors brought an additional $200 Billion into the NYSE.

THE SEC NEEDS TO ENFORCE THE RULES AND REPORTING PRACTICES, SIGNIFICANTLY TOUGHEN THE PENALTIES TO ENCOURAGE FULL COMPLAINCE, ELIMINATE PFOF, BAN NAKED SHORTING, ELIMINATE THE CREATION OF SYNTHETIC SHARES and PERMANENTLY STOP ALL TRADING IN THE DARK POOLS.

One last thing... naked shorting and creating synthetic shares is no different than selling multiple copies of a car title that you Do NOT Own for cash... It's an ILLEGAL, FRAUDULENT practice that's punishable to the fullest extent of the law.

LAWS APPLY EQUALLY TO EVERYONE... Including Hedge Funds, Market Maker's, Congressmen and Women, the SEC and others complicit in perpetrating the FRAUD.