Apr. 09, 2021
To Whom It May Concern, Good day. I am an individual retail investor from Singapore and would like to express my opinion regarding this new proposed rule SR-NSCC-2021-801. 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 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. The current penalties for any non-compliance or violation of rules are insignificant when compare to the potential gains of doing so. Thank you for your time and consideration in this matter. Sincerely, Howard Yang