Apr. 20, 2022
To whom it may concern, In regard to the rule changes contained in SR-NSCC-2022-003, I am deeply concerned the proposed rule change directly impacts retail investors ability to participate in the supposed fair and free markets of the United States. The proposal would reduce market participants requirements of regulatory capital and hide behind NSCC minimum capital requirements of 2%, thus increasing leverage on retail investors attempting to secure a better tomorrow. The retail investor would like SRO to comply with the same expectations regarding capital requirement re-risking, just as retail is forced to do when a car, water heater, or other unplanned emergency affects my capital requirements. The market should work for everyone, and market participants should be subject to the same set of rules. I would kindly ask, this proposed rule change not be implemented, especially given the detriment to capital markets, national security, and the guarantees of the Constitution, all of which should be held in the highest of regards and unassailable to its citizens. Thank you for the opportunity to put forth my opinion. Sincerely, P. Bjorklund