Subject: SR-NSCC-2022-801
From: Tommy Stellmacher
Affiliation:

Apr. 20, 2022



This rule will only avoid true market price discovery and does not take into consideration what can be done with it to harm the market and retail investors.

I am disappointed that something like this written by the SEC and I would like to understand who this rule actually serves in your perspective.

You should aim to forbid FTD's not find new ways around it! I am sorry to say that, but you are failing retail by that in any way!

Sent from my iPhone