Apr. 20, 2022
Good afternoon -- I am a retail investor who is very concerned by the new proposed rule SR-NSCC-2022-003. This proposed rule would allow for market makers and other influencers to abuse the SFT vehicle in order to delay and avoid financial obligations. This does not benefit retail investors and actively works against real and fair price discovery. Not only is this interference in a fair market unacceptable, but it also is effectively similar to the previously proposed SR-NSCC-2021-010. It is absurd to have a rule that was retracted be reintroduced with no real change. The real solution is not further can-kicking and avoidance of financial obligations. The real solution is to crack down on intentional delaying of settlement. This is abusive behavior that directly hurts retail investors. Thanks for your time -- A concerned investor