Apr. 20, 2022
To Whom It May Concern, The following is my comment for File Number SR-NSCC-2022-003: This rule would muddy the waters of true price discovery through onward lending. It also removes more risk from short selling. Mitigating risk for parties that have taken very large risks, and giving tools to avoid default for parties that must default will not create a fair market. It will instead exacerbate the already problematic tendencies of transparency and inequality in the stock market. As a retail investor, I believe this will only lead to increasingly one-sided, and dishonest markets. The ‘Securities Financial Transaction’ will bring nothing more than more loopholes to exploit.