Apr. 20, 2022
Please find outlined below my comments in relation the the proposed rule SR-NSCC-2022-003. As an international retail investor, I have to stress my significant concerns over the potential implications of this rule. This rule appears to work against retail investors which I understand is one of the SECs primary functions. This rule appears to facilitate the possibility of allowing avoidance of the actual market price discovery, via continued lending, limiting the exponential risk of naked shorting (this is an entirely different issue, one which I also think needs your focus). Furthermore, this rule will allow institutions to act freely in gambling with not only retail funds but also the tax paying citizen, this I feel not only poses huge risks to the US markets, and subsequently world markets as well. Surely, as a organisation whose core principles include maintaining fair orderly and efficient markets and protecting investors. I would have thought any proposed rules being introduced and enforced would be looking to increase transparency across the markets and reduce the already significant gap between retail investors and the institutions, creating a fairer market and contributing to a robust and sustainable economy. I trust whoever is proposing these rules considers the above and withdraws the ruling completely. Thanks Mr R Pope Sent from my iPhone