Apr. 19, 2022
Hello SEC, No. This SR-NSCC-2022-801 is similar to SR-NSCC-2021-010, which again, does nothing to protect retail. SR-NSCC-2022-801 allows bad actors to continue to make poor choices with reckless risk to exponentially increase share lending without accountability. Isn't this the exact same situation which has now lead to one idiosyncratic security to existentially threaten the entire stock market? If a short seller has sold what they do not own, they must buy it back. And that which they buy back must be the same as that was sold, and not another security with equal value, as these Security Financial Transactions (SFTs) would allow. This is like if I stole a porsche and then returned several junker cars to the victim. We the retail investors do not support criminal enterprises such as Wall Street and will not tolerate complicity from the SEC, whose duty is to protect retail investors. Please do the right thing. Best, A