Apr. 20, 2022
To whom it may concern, It is my belief as a husband, father, brother, son, and citizen of our great country that transparency and truth is our best defense against tyranny. In the same vein as SR-NSCC-2022-801 and SR-NSCC-2021-010, this is yet another push by parties motivated by self-interest to benefit powerful private equity and elite financial interest at the expense of the retail investor. This rule proposes using a financial instrument, they call a SFT (Securities Financial Transaction), as a placeholder for any securities transaction. As I understand it, this would enable a firm that has failed to deliver (FTD) requested shares, the ability to defer (indefinitely?) delivery of shares by utilizing yet another SFT worth the same amount set for the same delivery date. This cost would be much cheaper than a market buy-in and does not benefit the body republic, but rather a small group of financial elites who have access to these products. Why is it that corporate entities, that have demonstrated their inability to deliver shares on time, are given the explicit permission to continue this practice? What benefit does this have for the other 300 million people in this country that are penalized sometimes daily for overdrafts or infractions that disproportionately affect the poorest among us? Shouldn't these elite firms be held to a higher standard of punctuality? I urge you to remove this proposal immediately and consider the average person over the profits of the few. Thank you for your time. Joshua, Missouri Resident I DO NOT CONSENT TO PUBLISHING MY EMAIL ADDRESS FOR PUBLIC VIEWING