Apr. 20, 2022
Hello, As a retail investor, I am strongly against rule SR-NSCC-2022-003. It provides the ability for hedge funds, banks, and other nefarious parties to abuse FTD's (Failure to Deliver) and Naked Shorting. This rule would increase avoidance of true market price discovery through onward lending. It also removes the infinite risk of naked shorting entirely, and in so doing the deterrent of engaging in what is supposed to be very risky business. The SEC should refrain from enacting such a terrible rule because it goes against the best interests of retail investors. This is the third attempt at such a rule, and it is clear that retail is the target. Again, I am AGAINST this rule. If the SEC enacts it, it is clear that the SEC is working for big banks and hedge funds, and not the retail investors it is supposed to represent and protect. Sincerely, Joseph Edwards. Sent from Outlook