Apr. 20, 2022
Hello SEC comment reviewer, I would like to formally express my disagreement in passing the rule SR-NSCC-2022-801. This seems to be a remake of the failed passing of rule SR-NSCC-2021-10. Market makers already have too much leeway on FTDs and naked shorting. I am not using these words lightly, there is a huge problem with the predatory tactics catalyzed by the market maker exemption rule. Flooding particular securities with FTDs increases supply while reducing demand, and while I am no economics major, I am sure this causes the price to drop. Companies have been run oro bankruptcy with this predatory financial terrorist tactic all surrounding shorting and FTDs (cellar boxing ring a bell?) And now another rule is proposed to allow the FTDs to essentially never get settle and closed. Now institutions can keep rolling the FTDs forward with replacement borrows? Why are you catering so much to the larger institutions while hurting the regular American people so much? You know this is a problem and are banking into the fact that nobody is paying attention. Not the case and the word is spreading like wildfire. Rules like this, giving even MORE power to private equity funds and asset management institutions? You are hurting American business, letting a SMALL group of people decide the fate of the economy, and allowing greed to corrupt the entire country. Please, please vote to decline the passing of this rule. We need the markets CLEANED UP, we do not need new and bigger runs to SWEEP CRIME UNDER. Free and fair markets for all. Retail investors and traders have almost no say or representation as a disbanded mob, and any time it appears some organization of this mob takes place, retail is accused of collusion. No. Collusion comes in the form of rules like this one, in conjunction with previous rules passed, and a band of financial terrorists from all sectors of the financial markets up to consultants. This rule helps the terrorist out by letting them kick the can down the road forever. They need to close. Close all FTD and naked short positions. Thank you for reading my comment on proposed rule SR-NSCC-2022-801. Nicolas Scuadroni