April 20, 2022
SUBJECT: SR-NSCC-2022-003
As a retail investor, this rule seems contrary to fair market mechanics, gives unlimited ability for bad actors who would abuse such mechanics to hide their illegal naked short selling. It is set in place to \"alleviate Fail To Delivers\", but in action does nothing to eliminate them, and in effect protects the action of naked short selling, which is ALREADY ILLEGAL. This rule leverages the complexity of financial vehicles to give additional power to the institutions, effectively safe-guarding them from their own bad bets. Passing this new rule would only further deteriorate the American public's faith in a \"free and fair market\". I urge you to withdraw this proposal immediately.