Apr. 20, 2022
Hello SEC, I am writing to comment on proposed rule change (SR-NSCC-2022-003), which is absolutely LUDICROUS. As a retail investor, this makes me beyond furious. You have already tried now to pass this 2 or 3 times. I’ve lost count. We have said no every time, and continue to say no to this!! I take 3 things from this proposed rule change: 1) NSCC members don’t have enough collateral for their infinite loss positions. They made a bad bet and want to get bailed out by the taxpayers again 2) the NSCC are giving a pass to crooks and frauds who leech off growth and innovation that want to take out positions well beyond their risk tolerances 3) put simply, this is a financial weapon to engage in financial terrorism. This proposal MUST NOT pass. This is a threat to the safety and freedom of our markets, and is only beneficial to a select few at the very top that have abused their positions for far too long. What is this banana republic? Are us markets a COMPLETE and utter sham? US seems worse than China and Russia nowadays; At least China and Russia are TRUTHFUL about their markets. Please, wake up. The downfall of American finance may be in your hands and the SEC has to wise up, fast. - a concerned American citizen