Apr. 20, 2022
I'm concerned that this rule will allow and encourage the already rampant problem of failures to deliver. Some securities see FTDs reach over 1 and 2% in some trading periods. Imagine if you went to the gas pump and 2% of the gas you bought never showed up in your car. This rule goes out of it's way to protect powerful institutions from selling securities they never had. Please REJECT SR-NSCC-2022-003 and do your job in protecting investors of all sizes and making an economy that works for everyone, not just the big players. Best, Burke Minahan