Apr. 19, 2022
In regard to SR-NSCC-2022-003 This is an absolute travesty of an attempt to absolve short sellers of their obligations. Short selling itself should be banned, but thats for another day. Allowing them to absolve themselves of their responsibilities is an absolute and total disregard for how a free market is supposed to work. How could you even dream of taking such steps? This rule, in effect, would allow DANGEROUS levels of short selling, with HUGE upsides, and no downsides, because you allow the short sellers to remove all risk of their own. In no uncertain terms: This rule is a crock of dung and should under NO circumstances be implemented. Best regards, Duncan Stanley