Apr. 20, 2022
This rule would increase avoidance of true market price discovery through onward lending. It also removes the infinite risk of naked shorting entirely, and in so doing the deterrent of engaging in what is supposed to be very risky business practice. This proposed rule is an affront to anyone and everyone who has ever purchased a security in our markets. The NSCC would have you endorse their criminal activities under the illusion of fairness. As a taxpayer, citizen of the United States and a retail investor I am highly disturbed at this rule, and I hope the SEC repeals this rule as soon as possible. This proposal benefits the retail investor in no way, shape, or form, and is a disgrace. This ruling allows Wall Street to gamble with 99% of this country's money and face no repurchase when their gambles become losses. This administration has done nothing to stop systemic risk, naked short selling, PFOF, or dark pool trading abuse by those who wish to take price discovery away from our “free” and “fair” markets.” sincerely, An investor whos sick of Wall Street's greed