Apr. 20, 2022
To whom it concerns, As a retail investor, I am very concerned about rule SR-NSCC-2022-801 currently proposed. The rule would reduce/remove risk for market makers who engage in harmful business practices like naked shorting, giving them an unfair advantage over other investors in the market. The rule would therefore exacerbate existing market issues around the lack of transparency and accountability for large institutions. If the SEC is truly concerned about the fairness and transparency of our markets, it should focus its efforts on reducing conflicts of interest, such as those created by payment for order flow (PFOF), instead of proposing rules that would give large institutions and market makers more coverage for risky, exploitative, and non-transparent market maneuvers. I request that you deny the SR-NSCC-2022-801 proposal. Signed, Elyse Fretz