Apr. 20, 2022
Hello, I'm writing this to express my concern and complete opposition to SR-NSCC-2022-003, which would allow for Failure To Delivers to continue and worsen, thereby enabling naked shorting and dark pool trade routing to control and suppress the price of equities. This protects entities that already manipulate our systems, while simultaneously eroding the integrity of a free and fair market. Entities carrying FTD's must be held accountable for their financial obligations, regardless of the short or long term consequences they face - and as it is your responsibility to oversee adherence to the policies, procedures, and laws that govern the exchange of securities, I ask that you take action against non-compliant actors, rather than changing the regulations for their benefit. I request that this proposed rule be denied and that similar rules are not proposed in the future, as iterations of this have been rejected in the past by educated investors. The repeated attempts for such a measure to be passed after multiple rejections points to the potential desire for malpractice by market makers. Thank you for your timely attention to this matter, and please honor your obligations to protect investors from predatory behavior by financial institutions. -- Garrett Mitchell Cell: 203-232-9947