Apr. 09, 2021
To whom it may concern: I am an experienced retail investor who would like to comment on 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 and 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 a great step in the right direction. I strongly believe this rule should be passed and implemented immediately. It is good for the free market, good for investors, and good for public companies alike. Lastly on this ruling, I would like to see stronger and swifter penalties enacted for non-compliance and violation of this rule. Thank you for your time & consideration in this matter. Sincerely, Jon Bannon