April 20, 2022
SUBJECT: SR-NSCC-2022-801 / SR-NSCC-2022-003
I am a retail investor and am concerned about this proposed rule change. After reading the document, I understand this rule to effectively mitigate the risk that short sellers assume by allowing them to \"Deliver\" their otherwise \"Fail to Delivers\" or \"FTD\" through a financial vehicle called a \"Securities Financing Transaction\", or \"SFT\".
This rule seems to prevent short sellers from suffering the consequences of illegal naked short selling, thereby encouraging the practice to continue.
This rule does not benefit myself as a retail investor and goes against fair and transparent market practices.
I request that this proposed rule change be withdrawn.