Apr. 20, 2022
Dear Sir or Madam, I am a retail stock investor. I am really sincerely concerned about this proposed new rule "SR-NSCC-2022-801". This rule does not favor retail investors, the individuals whom the SEC is supposed to protect. Instead, this rule seems to favor Big Money in the market: Market Makers, Big Banks, Hedge Funds, Short Sellers, etc. These entities, whom this new rule will protect, are the very same entities who are responsible for creating FTD's and who are rumored to regularly employ naked short selling tactics. This new rule seems to be an attempt to legalize these current illegal practices for the large institutions. This would severely impact retail investors negatively. This cannot be allowed to happen. These FTD and naked short selling practices should never occur in the 'free market', yet this new rule is being proposed to allow those institutions to continue with those harmful practices. The SEC's charter is to protect the retail investors in the market. Please listen to those of us who you are supposed to protect from the manipulators of the market. I do not support this proposed new rule SR-NSCC-2022-801. Please side with retail investors and protect our American marketplace! Thank you for reading. Best Regards, Tom Lemm