Apr. 09, 2021
I’m an individual retail investor and I’d 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’s time for an update to the current RegSHO closeout requirements and I believe that this SLD change from monthly to daily settlement is progress. I would like to see this rule passed and implemented immediately. Lastly on this ruling, I’d like to see stronger penalties enacted for non-compliance and violation of this rule. Thank you for your time and consideration in this matter. Sincerely, Joel Glovacki