famulus, I email the SEC for some info about July 3, I don't think they know what will happen.
"Thank you for contacting the SEC.
I have contacted our Division of Market Regulation about your question. Our attorneys in that division require more information to be able to assist you. For example, they are unfamiliar with the new rule you reference. It might also be helpful to know what the acronym FTD stands for."
I notice you like to use the term Mythical NSS when it's obvious we read about lawsuits that involve them.
What about ex-clearing fails will they show up on the SHO List?