Apr. 09, 2021
Subject: File No. SR-NSCC-2021-801 April 9, 2021 I am an individual investor and fully support the implementation modifications to Rule 4(A) of the NSCCs Rules Procedures (SR-NSCC-2021-801) with utmost priority to the following: Several stocks with high short interest have exhibited extraordinary volatility in the recent weeks, and have negatively affected individual investors, and have even wiped out some individuals entire portfolio. The volatility has exposed systemic risks including broker dealers suppressing specific stock purchase while allowing sales for retailers, while preserving institutional investors full ability to transact during such times. As you are aware, this is problem of such magnitude and public interest that there is an active congressional hearing. The pandemic has brought about unprecedented change to lifestyles, consumer habits, and business operations. Market participants who took significant positions to speculate on outcome of pandemic are witnessing amplified gains and losses. As national economy tries to get back to normality with vaccine rollout, Federal stimulus and spending, and rebuilding of small businesses SEC needs to do all it can to avoid any unforeseen/unnecessary economic jolt that may be caused by amplified losses incurred by NSCC member(s). The ongoing and proposed improvements to ensure sufficient liquidity of market, integrity of exchange platform, and measures to contain risk is timely, necessary, and urgent. This will promote public confidence in the market and further SECs mission statement: Our mission requires tireless commitment and unique expertise from our staff of dedicated professionals who care deeply about protecting Main Street investors and others who rely on our markets to secure their financial futures. Very respectfully, Cynthia White