Apr. 20, 2022
To Whom It May Concern, I would like to submit my comment on the proposed rule SR-NSCC-2022-003. I am a retail investor and vehemently oppose this rule. I believe it goes against the interests of retail investors and serves to facilitate the sort of market manipulation and evasion of fiduciary responsibility that the SEC is supposed to prevent. This rule is akin to putting a band-aid on a deep and mortal wound. In this rule, you attempt to solve the issue of FTDs and naked shorting by creating more complicated financial instruments and clearing strategies which allow hedge funds and investment firms to avoid any responsibility to clean up their own messes. A much more efficient method would be to get to the root of the problem and eliminate FTDs and naked short selling (which, may I remind you, is highly illegal) from occurring in the first place. Please withdraw this proposed rule immediately. Moreover, please actually do your job to protect retail investors and do not allow such counterproductive, damaging, nonsensical rules to be proposed in the future. I am and continue to be deeply disappointed in this farce of a "regulatory agency." Sincerely, Gabriel Kronisch