April 20, 2022
The following is my comment for File Number SR-NSCC-2022-003:
This rule further separates retail investors from a transparent market. The proposed action is one-sided and aimed to help institutions leverage in adverse market situations created by said institutions in the first place. If this rule is meant to stabilize market volatility by means of short position covering and therefore the illegal practice of naked short covering. How would allowing a soft exit from these risky strategies aimed at struggling companies benefit the market and retail investors? This only further encourages illegal and shady practices from institutions.
Respectfully, Daniel Awalt