Apr. 09, 2021
I cannot stress enough the importance of rule SR-NSCC-2021-801 towards future financial stability. If enacted, this rule is a step in the right direction towards accountability for those who engage in the 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 also like to see stronger penalties enacted for non compliance and violation of this rule. Having this rule passed and implemented immediately is vital towards shaping the financial trust that both national and international investors seek. Thank you for your time and consideration in this matter. Sincerely, Travis Kart.