April 23, 2022
I am against adoption of NSCC 003. This is an attempt to cover up past misdeeds of hedge funds and other Wall St institutions. You propose to had yet another level of securitization of bad debt, the SFT (wtf). so that bad players can hide their screw ups and port them off to another dark pool. This is abominable. That the SEC would even consider doing such a thing suggests that you work for Wall St hedge funds and not the U.S. congress and thereby the people of the United States. This is shameful and you better not do this. Eyes are on you. We know what you are doing and you will be exposed Mr. Gensler.