Apr. 19, 2022
Dear SEC, The proposed rule SR–NSCC– 2022–801 is a slap in the face of the retail investor. It would essentially change the game after one side already has the winning hand. The avoidance of market price discovery through onward lending is essentially the entire purpose of this rule. It removes that infinite risk of naked shorting entirely, and in so doing, the deterrent of engaging in what is supposed to be a very risky business decision. It's all upside for these criminals, and when they get caught with their pants down (ex. $GME), miraculously a ridiculous proposal such as this one comes out of the blue. Enough! It’s time to let the people win for once! Have some integrity please. Regards, Erik