Apr. 20, 2022
To whom it may concern, First I would like to say that these rules are so complex that retail has difficulties understanding them. These rules govern our fair market and are not created by retail, rather by Wall Street, big banks, and Hedge funds, and they use the complexity to their advantage. As a retail investor I am highly disturbed by this proposed rule and I want to officially comment on the SR-NSCC-2022-003 rule proposal. I urge you to withdraw this proposal immediately. This rule is nothing but can-kicking for FTD's and therefore will definitely NOT help retail and our fair markets! Please do not allow SFTs (Security Financial Transactions) proposed in this rule, to create new and potentially endless layers of can-kicking to be allowed, whereby the very real financial obligations of the FTDs get passed along instead of settled. Please remove this proposed rule and furthermore please do not try to propose something similar again in the future, it only will help Wall Street, big banks and Hedge funds! Sincerely, Ruben Smeets