Apr. 09, 2021
I am an individual retail investor and have an 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 and stock borrowing program. It is time for an update to the current RegSHO closeout requirements. This SLD change from Monthly to Daily settlement is progress. I would like to see this rule passed and implemented immediately. I believe there should be stronger penalties enacted for non-compliance and violations of this rule. Thank you for your time and consideration in this matter. Sincerely, Gary Richardson