April 20, 2022
As a retail investor the proposed rule:SR-NSCC-2022-003 to help short sellers is very concerning. The stock market lacks transparency and any accountability for large financial institutions.
The rule aims to help the market makers by making stocks fungible. This rule will make the marker more unfair. Large institutions do not face consequences for FTDs, as they can reset FTDs by using derivatives to avoid the delivery of the security.
Do not pass this rule to help give naked short sellers more tools to take advantage of retail investors.