Apr. 09, 2021
I am an individual retail investor from the United Kingdom that invests in US listed stocks and would like to express my opinion regarding this new proposed rule SR-NSCC-2021-801 please. I believe this rule - if enacted - is a step in the right direction towards accountability for those who engage in the short selling / stock borrowing / rehypothecation program. It is time for an update to the current RegSHO closeout requirements and I believe that this SLD change in process from monthly to daily settlement is progress. I would like to see this rule passed and implemented immediately. Lastly on this ruling, I would like to see stronger penalties enacted for non compliance and violation of this rule. At the moment, it seems that the penalties are just a "cost of doing business" for some of these large investment firms. Thank you for your time and consideration in this matter. Sincerely, Adrian