Subject: File No. SR-NSCC-2022-003
From: Mark Robertson
Affiliation: Retail Investor

April 22, 2022

This isn't fair to the retail investor, we are already behind when we trade due to large investors having access to faster quotes and possible market moving information. I have had to deal with my bad trades in the past, giving institutions the ability to ease their loses on their bad trades isn't fair. If they make a bad bet they should be held to the same monetary losses I am. Liquidity is a term that can be used as a scapegoat for a bad decision made in the market.