Apr. 20, 2022
I am an international retail investor investing in the US stock market. The proposed SR-NSCC-2022-801 rule has the purpose of illegally laundering failures to deliver on securities. We have been aware of the naked short selling problem affecting the US securities market and this rule would allow completely bypassing current obligations to deliver what must be delivered. This rule would allow the infinite creation of shares and lending of securities when none are available, which makes price discovery impossible (it currently already is) on stocks of multiple companies, which are currently manipulated through naked short selling, stated last year by Gary Gensler himself. As a retail investor, I am losing trust in the US market because bad actors keep trying to push new rules to avoid paying when losing their bets. This rule is going against the very principles of a free and fair market. The rules are becoming harder and harder for retail investors to understand by their complexity. The SR-NSCC-2022-801 rule is going against the interest of retail investors. Thank you for the attention given to my comment.