Apr. 20, 2022
To Whom It May Concern: This proposed rule change seems incredibly short sighted and intentionally complex. Providing yet another vehicle for market giants to prolong their exposure/risk without settling, and for less, is a step backwards in regards to fairer and more transparent markets. In fact, it seems as if this rule is specifically letting those that accept a risk, avoid the consequences of accepting that risk. Simply put, why allow for yet another way for any investors to avoid their obligations? This does not ring of fairness or sensical rule making. I urge the SEC to seriously consider rejecting the proposed rule Res Judicata. The SEC should have less interest in providing ever more liquidity to these entities, as that is not the nature of what the SEC does on paper: Regulate the Markets in the the interest of fair and accurate Data and Reporting. At some point or another, there has to be a recognition of the fact that the American Stock Markets will be harmed by the continual obfuscation of delivery and exchange of Securities, Stocks, Derivatives, and so on. Have a nice day, Thank you for your time. Nick Braddock