Apr. 09, 2021
Good Morning, I am an individual retail investor and would like to express my opinion and support regarding proposed rule SR-NSCC-2021-801. Retail investors are losing confidence in the markets and I believe this rule, if enacted, is a step in the right direction towards accountability for those who engage in short selling/stock borrowing programmes and participate in market manipulation. 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 the rule passed and implemented immediately. Lastly on the ruling I would like to see stronger penalties for non compliance and violation of this rule. Kind regards Neil Turnbull