Subject: SR-NSCC-2022-003
From: Peter Clancy
Affiliation:

Apr. 20, 2022

 


To Whom it May Concern, 


Hello, My name is Peter Clancy. I am new to the world of investing so please forgive me for anything I am mistaken about or misunderstand. My investments are humble, and my means are only slightly less so. Nevertheless, the financial health of the country as well as my own wealth mean a great deal to me and I have serious concerns about this proposed rule. 
From my reading of the rule, It seems that it would allow market makers to postpone delivering on their short positions almost indefinitely, which gives even further leverage to already overly leveraged entities, eliminating competition within the market for the powerful and invalidating the inherent risk that should come with short selling. 
I ask that you look into this matter, and determine if this rule and rules like it are actually beneficial for the health of the markets. I appreciate the diligent work undertaken at the SEC and thank you for your time. I believe our nation is built not on the efforts of great individuals, but on the collective will and zeal of each person, and in this way you who read my comment are also a crucial and powerful force. Please use what influence you can to ensure this rule, and rules like it, do not cause irreparable harm to us all.