Apr. 20, 2022
Hello- As a retail investor I do not support the proposed changes identified in SR-NSCC-2022-003. Please do not allow SFTs (Security Financial Transactions) proposed in this rule, to create new and potentially endless layers of risky borrowing to be allowed, whereby the very real financial obligations of the FTDs get passed along instead of settled. As a retail investor I value price discovery over liquidity. If a stock is suffering from liquidity, that is not a burden that should come at the expense of price discovery. Your actions and representation of retail investors in regards to this rule will greatly affect my perception of market integrity, and impact future investment decisions of mine and generations that come after me. If this rule is passed, I will withdraw from any future investing in the stock market until I can see a clear indication that retail interests are looked after. Thanks for your time Joshua