April 19, 2022
To the SEC and all others to whom this may concern:
I am writing to express that the rule proposal put forth in SR-NSCC-2022-801 and SR-NSCC-2022-003 must not be allowed to pass.
Wall Street hedge funds, market makers, and even brokers have all been complicit in selling nakedly shorted securities that they have had no intention to ever actually deliver. They already have way too many inventive ways to avoid their obligations, essentially giving them the ability to counterfeit U.S. securities, creating a completely fraudulent market.
Honestly, I'm a bit frustrated that this rule is even presented for comment. It should be rejected outright based on its complete lack of merit, especially considering that these same bad actors have tried to pass a rule like this before.
Retail investors are watching and watching closely. Any and all securities sold must be delivered. To do otherwise is to completely undermine the U.S. economy and national security.
If forcing shorts to deliver on their obligations results in a complete collapse of multiple or even all large financial institutions, so be it. The country is better off without these criminals anyway.
Therefore, I support the REJECTION of SR-NSCC-2022-801 and SR-NSCC-2022-003 in order to prevent the blatantly fraudulent U.S. markets further slipping into the hands of corruption.
Respectfully,
RH