Apr. 20, 2022
To Whom it May Concern: I'd like to voice my strong opposition against proposal SR-NSCC-2022-003, as a retail investor and concerned U.S citizen. This proposal would enable effectively indefinite securities lending that could be utilized to saturate the market and devalue stock prices. This proposal would enable effectively indefinite securities lending that could be utilized to saturate the market and devalue stock prices. Like many other 'rules' currently in place regarding securities lending, the penalty for doing this would be insufficient to prevent it. The complexity of these rules is being used to hide their true intent from retail investors who might stand to voice an opinion on them. This rule clearly does not benefit retail traders or increase transparency into the questionable securities lending practices known to already be employed by certain market participants in the absence of any apparent regulatory influence. Please do not continue to allow people without financial expertise to be taken advantage of, I implore you. Our markets and economy are being manipulated and honest people are being subjected to the whims of those with enough money to move prices. This proposal would only exacerbate their ability to do that, and it would be disastrous for long term market integrity. We need to end the rampant manipulation and dilution of our global equity markets, not accelerate it. Please. Greta Terrasas