Apr. 09, 2021
I am an individual retail investor writing to express my full support for the new proposed rule, SR-NSCC-2021-801. I believe this rule - if enacted - is a step in the right direction towards proper accountability for those who engage in short selling/stock borrowing. 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 SR-NSCC-2021-801 passed and implemented immediately. I would like to see stronger penalties enacted for non compliance and violation of this rule. There is evidence to suggest the market is in a position similar to 2007-2008 with dangerous and irresponsible use of leverage. Passing SR-NSCC-2021-801 would be a step by the SEC to take responsibility for this situation and not allow another crisis to unfold. Please don't let down the American people and citizens of the world. Thank you for your time and consideration in this matter. Sincerely, Sam Hawkins