Apr. 20, 2022
SEC, The actions included in the above proposal are a shameful attempt to subjugate the needs of the retail investor in order to protect and advance the desires of more powerful entities. These entities hold an inordinate amount of influence over the regulating agencies meant to protect a “fair” market and promote the interests of the retail investor. The rule changes included in SR-NSCC-2022-003 are intended to thwart a stock’s natural price discovery. If the SEC enforced biting consequences for naked short selling, dark pool trading, PFOF, FTD, among other abusive if not illegal actions, our markets might actually be fair. Today’s technology allows for greater numbers of retail to become aware of just how rigged the financial markets truly are. Before social media’s advancement, hedge funds and market makers were able to function in the shadows to promote their best interests at the expense of stooge retail. No longer can a retail investor hope to judge a stock’s potential based on the underlying company’s fundamentals. The “jig is up”. We know how corrupt the system truly is and kicking the can down the road by fabricating new changes to existing rules and ignoring blatant breaches of the same will not end well for the US or global markets. I encourage your organization to look out for the interests of retail by fiercely litigating against naked short selling, FTD actions, and other abusive activities that serve only to line the coffers of the rich and powerful. Regards, Theresa Cosley Retail Investor Sent from my iPad