Apr. 20, 2022
As an average american I've been lead to believe that I can build my future wealth/retirement through investments in our market. The above rule is simply another suggestion by non-retail traders to further tip the scales in their favor. I've been reminded that SEC is here to protect us small investors yet their actions and proposals over the last 2 years have almost all been to the detriment of retail traders. If SR-NSCC-2022-003 is implemented it will further prove that the average american is simply here for corporations and other large players to profit off of and that the SEC and other governing bodies do not have any interest in protecting everyday investors. Please remove this rule from consideration and work to eliminate FTDs and move towards same day settlement. In this day and age of technology none of this is impossible and sticking with an out-dated system/method only provides bad actors with the chances to exploit it.