Apr. 09, 2021
Good morning! I hope this finds you well. I am a retail investor and would like to express my opinion regarding this new proposed rule SR-NSCC-2021-801. I believe this rule - when 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 and I believe that this SLD change in process from Monthly to Daily settlement is an important progression. I would like to see this rule passed and implemented immediately. Additionally on this ruling, I would like to see stronger penalties enacted for non compliance and violation of this rule. The wild amounts of profit attainable through short selling makes the current fines no more than a slap on the wrist. These companies have been robbing average Americans blind for years, and are fined what amounts to sofa change to these funds. It’s time for that to change. Thank you for your time & consideration in this matter. Sincerely, Dr. William Dylan Thwing