Subject: File No. SR-NSCC-2022-003
From: Marcus

April 22, 2022

Good morning. If you, the SEC, took actions to prevent all acting parties in the stock market, from getting overleveraged in the first place, would this even be necessary? Instead, you spend what you say are your limited resources on continuing to create rules that allow them (banks, market makers, large institutional investors) to further act irresponsibly putting the broader market at risk. If you actually have to put the term \"prevent a fire sale\" in the ruling, why not ask yourselves, how do we prevent this fire sale from every happening again? I would also recommend that Mr. Gensler, or someone at the SEC, come out and make comments as to how this protects all investors, not just the largest institutions. Your bias is becoming more and more evident by the day when you continue to delay/remove the transparency rule and then come out with something like this. Do something proactive and quit being so reactive, please.