Apr. 20, 2022
Hello, I am writing to comment against the SR-NSCC-2022-801 proposal. It allows short sellers to avoid obligations resulting from failure-to-delivers and naked shorts. This is a risk to the overall market, as it allows larger financial parties to take on riskier positions than the average investor without collateral. In the event of default, there is no way to cover the expenses. Please withdraw the proposal. Thank you, Andy