Apr. 09, 2021
Dear sir/madam, I am a retail investor and would like to express my opinion regarding the newly 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 (naked) 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. Fines imposed by the SEC should not be considered as the cost of doing business but should truly incentivise against committing fraudulent activities. Thank you for your time & consideration in this matter. Sincerely, Sidney Borrego y Diaz