Apr. 20, 2022
Hello, and good day, to whom it may concern, My name is Arin Will, I am a retail investor, along with my partner for several years. After spending the last three years trying to be more active in understanding and comprehending the mechanisms, rules, and workings of our financial systems I have been informed of this new proposed rule: SR-NSCC-2022-003. I believe that the complexity by which these proposed rules are arbitrarily written is first off meant to obscure, confuse, and intimidate the average citizen and retail investor into being to overwhelmed to educate themselves and learn about/participate in our markets. I also believe the complexity and self governance by which the SEC allows Wall-street and large financial institutions to co-author their own laws/regulations is a large conflict of interest by which the SEC needs to re-examine and wholly end. On the matter of the proposed rule, it has seemed to me, that this is another step by which the SEC would not just ignore, but fully allow Market Makers, Hedge funds, and other large financial institutions to continue the process of Short selling, naked short selling, and continuous Failure to Deliver y of securities that actively works against the average retail investor. These negatively impactful market operations, I feel, are detrimental to true price discovery, and the beneficial growth of the American economy as a whole. It is with the utmost urgency that I voice my request to have this proposed rule stricken down; as it does not seem to benefit the American markets, retail investors, or even the companies that choose to let the “free marketplace” decide the valuation of their business. Thank you for your time, A. Will.