Apr. 21, 2022
To whom it may concern, I am writing as a simple, standard retail trader in response to the NSCC’s latest attempt to all those in power to evade failed trades and outstanding debts. Though I am not studied well in advanced finance, I am nonetheless concerned about how the proposed SFTs may enable malicious short sellers to unfairly skirt their security delivery obligations. This is an unnecessary layer of complexity, further detaching the markets from reality and average retail investors. Do not allow the NSCC to continue to play games with what should be the world’s beacon of capitalism and economic opportunity. Best, Tyler Estabrook