May. 06, 2022
As a retail investor I do NOT support the adoption of SR-NSCC-2022-003. In fact it is highly disturbing. This proposed new “rule" is very lengthy and complicated, which I believe is intentional. If I’m reading correctly it completely decouples supply and demand, which is one of the most basic fundamentals of our markets, and thus is actually a loophole. It only adds another opaque layer of protection for bad players in the financial markets. Every day thousands of retail investors like myself, not only in the US but also abroad, are losing faith in their institutions. Rule proposals like these do nothing to address retail investors concerns, they only exacerbate them. At some point in the near future, there WILL be more transparent alternatives to the US Stock Markets. When that future is here, there will be a mass exodus by people who feel disenfranchised by continued, ignored corruptions. You should be enforcing the rules, not helping find ways to break them. Please remove this proposed rule and furthermore do not try to propose something similar again in the future, as iterations of this have been rejected in the past and continue to be rejected by educated investors every time they resurface. A very concerned and frustrated investor, Pam