April 20, 2022
Withdraw this proposal in the name of fairness to all the independent retail traders that have to take full responsibility for their trades.
The changes proposed in SR-NSCC-2022-003 are an effort to protect Wallstreet, hedge funds,money makers, Banks et al from making a \"bad bet\" on securities. It will further eliminate the risk they face while Retail investors are subject to the upsides and downsides of our risks.
SR-NSCC-2022-003 is also a repeated attempt at passing the same rule changes that were already withdrawn before. If anyone, Retail or institution, engages in a trade with a deadline date, they should be responsible to complete that trade on time with real cash and authentic securities exchanged. Not some process that allows \"IOU\"s to be persistently traded until the risk subsides.
Please show us that you support fairness to retail traders that don't have the luxury of side-stepping our negative risk.
Withdraw this proposal and disallow future iterations of it from being produced.