April 20, 2022
Hi, my name is Mikkel and I am one of the numerous international retail investors who has put a significant amount of capital into what I thought was a free and fair market (capitalism in a nutshell, yes?). My background is in philosophy and besides an existential crisis over intangible assets harring off in the ether-stream of exchanges tied to real-world objects/concepts, I am quite concerned over the proposed rule SR-NSCC-2022-003. You state that the rule is supposed to alleviate FTDS (Failure to Deliver), yet it seems only to add yet more complexity and scope for illegal action by bad actors, i.e. institutions with a questionable grasp of ethics, not to speak of a lack of understanding of current laws in your financial markets. Specifically, naked short selling seems to be the greatest beneficiary of this proposal, letting bad actors easier hide their wrongdoing. Should this rule be passed, I see no other recourse than to inform every group, forum, business and news outlet of the repercussions this will have for their investments in your market. I see no reason to keep this within the national borders of Denmark (I'm sure my Ombudsmand and corresponding EU commission will be very interested in how this will affect investors from the EU), I am sure this will spread with the speed that is appropriate for such a rule change.
Kind regards, a concerned investor.
Mikkel Christensen