Apr. 20, 2022
Dear SEC
As a retail investor I feel the need to explain the thoughts many of us investors have in regards to rule SR-NSCC-2022-003.
Word of this rule has now hit the masses and to say that I’m extremely disappointed and disturbed is an understatement! This new proposed rule only further tightens the grip market makers currently have. This allows FTDs (failure to deliver) to only worsen and will continue to be abused via dark pools and other illegal networks by market makers. These actions ultimately suppresses the price on retail's investment.
In absolutely no way does this proposed rule benefit retail investors! I’m under the impression the SEC is supposed to protect retail investors and once again it’s retail investors who will be hurt. Market makers need no escape route from their bad investments, as they have enough help in playing this crooked game already. Our eyes have been opened to this rigged game known as Wall Street and this is only the beginning as retail investors continue to make more noise regarding the market and its fraudulent activities.
I urge the SEC to do your job and immediately withdraw this proposal.
Regards,
Brendon molloy