Apr. 20, 2022
To whom it may concern, As a taxpayer, citizen of the United States of America, and a retail investor, I strongly urge the SEC to withdraw this proposal immediately. If enacted, SR-NSCC-2022-003 would actively incentivize fraudulent market behavior by opening up a loophole in which covering FTD (Failed To Deliver) shares would no longer be reflected in the price of a security. The changes in this proposal can and will be abused by bad actors in an effort to further negate accurate price discovery, to the great detriment of all retail investors. This proposal benefits the retail investor in no way, and furthermore destroys any ounce of credibility the SEC may have had left. This is yet another example of a regulatory body siding with big money. Not only is it unethical, but it is unsustainable, and unacceptable. -A Retail Investor