Apr. 20, 2022
Hello, I’m writing to express my frustration with proposed rule SR-NSCC-2022-801. This rule is not in the interest of retail and only provides less transparency for retail investors. This rule would increase avoidance of true market price discovery through continuous lending. Bad actors would easily take advantage of this Mechanism. This rule as been proposed THREE times now and withdrawn the two previous times for very good reason. GET RID OF IT. Wall Street continues to establish complex rules to confused the retail investor and fleece us with over complicated rules when we should be moving to a more transparent and simplified, black and white, system. This rule is proposing going in the opposite direction the market needs to be going in from a transparency perspective. I’m disappointed I have to continuously write these emails to try and prevent retail from being stepped on by the big guys. Thank you Daniel DiFabio Sent from my iPhone