April 9, 2021
To whom it may concern,
I would like to implore the SEC to formally approve SR-NSCC-2021-801 and take steps towards efficiently putting it into practice. The practices that many brokerages and funds (more specifically hedge funds) of short selling stocks with naked or synthetic shares impacts the integrity and solvency of the free market system. For years, these firms have operated unchecked and at times, I believe, aided by insiders in large institutions and government sectors.
To preserve the integrity of the markets and to ensure retail investor trust and confidence for years to come, this new rule is a start in the right direction. I hope the SEC understands the seriousness of the issues at hand if they fail to enact rules and regulations that ensure fairness and transparency across the board.