Apr. 20, 2022
I would like to comment on the travesty that is SR-NSCC-2022-003 and ask why it is that something so blatantly anti-retail is allowed to even be proposed? This is essentially one big middle-finger to all retail and a get out of jail free card to bad actors in the market such as those naked shorting companies to death and piling up failure to delivers. This completely delegitimizes the SEC (which isn’t hard anyway) and illustrates that the market and SEC are completely rigged. Why is it necessary to protect short sellers from the infinite risk involved in shorting a stock? Short sellers understand the risks and should be penalized when the trade goes against them. This also removes the deterrent against engaging in such a practice and will allow for more shenanigans in the market and more corruption. Please do not pass this. ~Chris Owens