Apr. 09, 2021
Dear Regulatory Officials, I am an individual investor and would like to express my opinion regarding this new proposed rule SR-NSCC-2021-801. I personally believe that if enacted, this rule will bring forth a needed reform to the accountability standards within the investment world. The current system operates in a way that has enabled institutions to taken advantage of and manipulate markets with the intentions of shorting to bankruptcy via ridiculous naked short selling utilizing borrowed shares. I believe it is 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 as soon as possible. Additionally, increases to the severity in the penalties for noncompliance should be enacted. Corporations yielding billions in revenue through illegal means are paying a slap-on-the-wrist fine which provides an incentive as opposed to discouragement from continuing their illegal tendencies. Thank you for your time and consideration, Investor