Subject: File No. SR-NSCC-2022-003
From: Leo Pham

April 20, 2022

I am a retail investor, and I do NOT support these changes.

The market should be open, fair, and transparent, for EVERYONE... and this includes retail.

I see our watchdogs doing more lip service than actual enforcement. And with seriously petty fines for real financial crimes... It leaves a lot to be desired.

You have the power to change history.

Retail investors are motivated, inspired, aware, and learning.