Apr. 20, 2022
To those concerned. I object to the proposed rule: SR–NSCC– 2022–003. The proposal itself is crafted in such a way as to obscure its true purpose to the average investor and upon further investigation it becomes apparent as to why. The proposed rule would effectively allow illegal, naked short sellers a means to continue illegal naked short selling indefinitely and without recourse. This undermines the market and removes any true value from any stock upon the American stock markets. This rule would allow abusive short sellers to suppress and manipulate the true share prices of stocks in such a way that they face no consequences should they face a squeeze on of their short position due to natural demand. Rules such as SR–NSCC– 2022–003 are created by Wall Street for Wall Street, intended to extract as much capital from the average trader as possible, to be siphoned off to the big banks and big hedge funds for and by which the rules were made. These rules are predatory. Under SR–NSCC– 2022–003 and other such rules there is no free and fair market. Yours, A concerned and jaded investor.