Apr. 19, 2022
I am sending you this message to express my strong objection to proposed rule SR-NSCC-2022-003. Once again the SEC is attempting to allow large wall street firms to manipulate the market and further obscure their actions. This is not in the best interest of anyone except themselves. Furthermore, fail to delivers should NEVER BE AN OPTION IN THE FIRST PLACE!!! If a security is owed, it needs to be delivered -- PERIOD! Allowing certain entities to evade their responsibilities directly harms retail investors and erodes confidence in the US markets as a whole. And this proposed rule does exactly that. It allows bad actors to continue manipulating our markets and makes price discovery virtually impossible. It's time for the SEC to actually do their job and protect the integrity of the markets -- and to act on behalf of those who do not have the money or influence to buy their way out of their legal obligations. This rule is a disgrace and merely serves to illustrate the fact that the SEC is a worthless agency that has been fully bought and paid for by the banks and market makers. As a shareholder, as a taxpayer, as a human being with a conscience who believes in fair and level playing field, I am disgusted by the fact that the SEC would even consider these actions and I strongly suggest you reconsider your position. Once again, let me remind you that you are supposed to act on the behalf of the individual investor. Yet all I see in this proposal is more corruption and collusion. I am both disappointed and disgusted with the SEC and suggest that you take a long hard look at the role you have played in screwing over all the individual investors who have placed their life savings in your care. This rule and every single other rule that allows large wall street players to get away with evading their obligations needs to be stricken immediately and replaced with severe and timely consequences for such behavior. If a company fails to deliver, they should FAIL TO EXIST!!! In short... Fuck this rule and fuck the SEC for even considering it. That's a hard "NO" from me. Sincerely, A very concerned investor and US taxpayer