Apr. 21, 2022
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. Dear SEC, I recently read the proposal to introduce the new SR-NSCC-2022-801 rule to the NSCC. This aforementioned rule, while theoretically not new only redressed from a prior attempt, will only convolute the market’s already muddy transparency and further disenfranchise the retail investing community. As the governing body that is tasked with oversight of the market, the SEC has the ability not to allow this or any other rule similar to pass. Please take this letter as my cry for help as the passing of such rules may be the variable that makes the retail community lose faith and trust in the market and turns this prestigious instruction into a credit casino. Take care, David Petroline