Apr. 20, 2022
Dear SEC, We are taught from a young age that actions have consequences. If you do something wrong, you run the risk of being punished if caught. This is a fundamental principle seen in any advanced society in history or around the world. The proposed rule change SR-NSCC-2022-003 not only allows bad actors/institutions to go unscathed from their bad bets, it encourages any large institutions to engage in illegal financial tactics because you are taking away any consequences. We are told the reason why our nation is great is because we are given the inalienable rights for life, liberty, and the pursuit of happiness. A free market is not only essential, it is the very foundation of these principles. If you pass this law, you are not only admitting that illegal activity is presently happening but that our "free market" is nothing more than a facade used to keep banks/hedgefunds/institutions propped up on the backs of the common folks. Retail investors already have to compete against unfair advantages of high frequency trading, payment for order fill, dark pools, and FTDs that are never reconciled. Individual investors are pleading with you to give us a fair chance. Your job is to represent the entire country, not just rich and powerful. If this passes, you will be proving once and for all who you truly represent. Remember, actions have consequences. I would implore you to consider the ramifications of public outcry if the people find out you are choosing the 1% over the 99%. I know personally, I will make it my life goal to discourage any individual investors to ever invest another dollar in this rigged system.