Apr. 20, 2022
As a retail investor I do NOT support the adoption of SR-NSCC-2022-003. This is an overly complex rule that appears to try to create even more rules (written and designed by Wall Street) to allow the current market makers to hide their actions behind even more opaque layers. This will increase the divide between retail investors and institutions - because the institutions are already stronger, and have more tools than retail so institutions can utilize loopholes (by design or "unintended"). The complexity of this ruling only increases the number of loopholes to exploit. It will do nothing to give retail investors a more fair chance. Even being new to investing, I find myself (and I know many others feel the same as me) becoming increasingly disenfranchised with the US Stock markets. If one day there arises a more fair alternative to the US Stock market, I strongly believe many similarly disenfranchised investors will not hesitate to go elsewhere. The SEC should be implementing rules to make the markets more transparent - not opaque. Sincerely, Colten Redder