May. 29, 2023
To the honorable members of the SEC, The proposal entitled “ Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Update the Clearing Agency Securities Valuation Framework ” (SR-NSCC-2023-003) is significantly redacted which prevents public review making it impossible for the public to meaningfully comment on this proposal; so this proposal should be rejected on that basis alone. Segregating funds is a key protection against misappropriation of funds and customer protection. Deposits to the Participants Fund and Clearing Funds should not be commingled with each other or with general corporate funds of the Clearing Agencies. Thank you for taking the time to review my comments, and I hope that your mission not create a fair and equal market guides your decision to reject this proposal. Sincerely, Concerned household investor