April 9, 2021
As a Federal Criminal Investigator (GS1811), Rule SR-NSCC-2021-801 enables a proactive investigative approach to identify extremely risky behavior such as naked shorting, ladder attacks, FTD shares etc. It is only a matter of time when criminal organizations, terrorist groups, drug traffickers, launder their financial gains with this SEC loophole. This may not eliminate the problem but can assist criminal investigators and financial analysts following the paper trail in furtherance of a money laundering investigation.