Apr. 20, 2022
Rule SR-NSCC-2022-801 completely lacks market fairness and transparency. It exponentially increased share lending without accountability for Bad Actors making poor choices and putting everyone else at risk. This just eliminates price discovery and creates an unfair monopoly of market makers creating naked shorts. This is just a financial tool that can be weaponized to effectively create infinite shares of a company by saying company A's shares are worth the same as B's. Seems these rules are only in place to make the stock exchange less transparent and even more unfair than it already is for retail and individual investors. I reject Rule SR-NSCC-2022-801 completely lacks market fairness and transparency. It exponentially increased share lending without accountability for Bad Actors making poor choices and putting everyone else at risk. This just eliminates price discovery and creates an unfair monopoly of market makers creating naked shorts. This is just a financial tool that can be weaponized to effectively create infinite shares of a company by saying company A's shares are worth the same as B's. Seems these rules are only in place to make the stock exchange less transparent and even more unfair than it already is for retail and individual investors. I reject Rule SR-NSCC-2022-801 - File No. SR-NSCC-2022-801