Apr. 20, 2022
This rule needs to be rejected. There's a large number of investors becoming aware of the lack of transparency in the market and the benefits this gives to larger institutions. SR-NSCC-2022-801 continues to limit transparency and add to what is becoming perceived as a failed market. It's a market where US citizens are forced to place retirement funds in order to lessen taxes against those funds and gain value over time since. I say "forced" because most other investments are not an option for the majority of citizens and bank savings will not provide enough value for retirement. We need a more transparent market to turn around and build trust again. This rule increases avoidance of true market price discovery through onward lending. It also removes the risk of naked shorting entirely. Naked shorting has been attacking businesses and the investments of everyone's 401k, 457 & 403b. Why would SEC allow this practice to continue? This should not be allowed to continue. I firmly ask that SR-NSCC-2022-801 proposal be denied. Dannon Gruver