Apr. 09, 2021
Dear Sir or Madam, I am an individual retail investor and am emailing you today to express my opinion regarding this new proposed rule, SR-NSCC-2021-801. I believe this rule - if enacted- is a much needed 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 and very much appreciate your consideration to this very necessary change. In addition to this ruling, I would like to see much stronger penalties enacted for non-compliance and violation of this rule and well as all the others rules and regulations financial institutions such as hedge funds have been exploiting for years now, continuously eroding the average American’s just in the system and those who serve to protect it. I sincerely thank you for your time & consideration in this matter. Respectfully, -Sabin Joseph