Apr. 20, 2022
The following is a comment for File Number SR-NSCC-2022-003: As a retail investor, I vote NO on this proposed rule which seeks to blatantly violate existing SEC regulations established to protect retail investors. Few of which they comply with anyway. Everyone who has ever purchased a security in our markets should be outraged by yet another egregious attempt by nefarious institutions to defraud the American investing public. This thinly veiled (3rd) attempt by the NSCC to enlist the complicity of the SEC by endorsing their criminal activities under the guise of “market fairness” should not be sanctioned! The SEC is the only regulatory body that stands in DEFENSE OF RETAIL INVESTORS and not the parasitic and morally bankrupt thieves on Wall Street who suck the lifeblood out of our economy and cause irreparable harm to millions of average hard-working Americans for sport. We implore you to reign in their insatiable greed and stand affirmatively on the side of retail investors. Haven’t we borne the financial burden of their reckless, exploitative, pillaging of our markets enough? It is decades past the time for THEM to endure the consequences of their manipulative and prevalent risk-taking business practices. This proposal seeks to: - absolve bad actors of any consequences to naked short selling - avoid true market price discovery through infinite lending - establish yet another sanctioned venue for their systemic corruption and continue cheating the system. A venue that Retail has ZERO access to. Our markets are already rife with loopholes that Wall St. fully abuses to avoid transparency, accountability, and promotes the taking of that which does not belong to them. FTDs are already "reset" through a variety of methods, derivatives allow them to never reach their 30-day deliverable mark. ‘Not likely be compatible with regulatory requirements.” means it breaks the law! They know it breaks the law and want your complicity to do so! Please do not abandon your mandate to protect investors and maintain fair, orderly, and efficient markets. Do not allow them to subvert regSHO locate requirements. We the people need MORE locates and LESS borrowing. This administration must use every option at its disposal to mitigate systemic risk, naked shorting selling, PFOF, or dark pool trading abuse by those who wish to take price discovery away from our “free” and “fair” markets.” Please strike down this proposal for the 3rd and final time. Regards, D. Colon (a concerned retail investor) Sent with ProtonMail Secure Email.