April 9, 2021
I approve of NSCC-2021-801. When banks and hedge funds make risky investments, it threatens the stability of the broader market. When Archegos Capital defaulted recently, we saw that it had harmful ripple effects for other institutions, like Credit Suisse and Nomura. Hedge funds and investment banks get away with risky investments, because there is not enough monitoring currently. Making the position reporting requirements more strict via NSCC-2021-801 is a very good idea, because it will bring further scrutiny to the investment positions of large institutions.