Apr. 09, 2021
To whom it may concern, I am an individual retail investor and would like to express my opinion regarding the 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 changing the SLD process from Monthly to Daily settlements is an invaluable step towards transparency, accountability and overall risk reduction. 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 - otherwise they will continue to be considered “cost of doing business” rather than an actual penalty. Thank you for your time and consideration in this matter. Sincerely, Filipe Rei