Apr. 20, 2022
Hello to whom it may concern, I am deeply troubled by the changes proposed in File No. SR-NSCC-2022-003. The changes outlined seem to be entirely beneficial to members who are without sufficient collateral for current obligations. It further allows the NSCC to give them a pass and continue to take risk beyond what is currently allowed - and in my opinion current limits need to be curtailed, rather than enhanced. I could see this being leveraged as a financial tool to continue facilitating the process of naked shorting as these institutions would no longer be required to purchase underlying securities that were sold short. This is the OPPOSITE of what is required right now. As a retail investor, I'm deeply troubled by these proposed changes. They seem to be diametrically opposed to my needs, and to solely support existing financial institutions and their poor financial decisions. I don't have words to express how deeply this troubles me, not only for myself, but for the general state of our free market. Please do not allow further risk-taking behavior and deference to existing obligations to continue. Do not allow the changes proposed in SR-NSCC-2022-003 to go into effect. Regards, Miles Pedrone, concerned retail investor