April 9, 2021
To whom it may concern, thank you for allowing me to send in a comment.
As an individual retail investor I would like to express my thoughts regarding the proposed rule SR-NSCC-2021-801.
If this rule is brought forward and enacted. I truly believe that it will be a significant step in the right direction towards accountability for those who engage in the short selling/stock borrowing program as investors and traders. 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 certainly making good headway.
I would like to see:
- this rule passed
- its immediate implementation
On a final note to ensure that the strength of this rule is respected, I would like to see stronger penalties enacted for non compliance and violation of this rule. This would help ensure any further rulings brought about are respected and worth the time and effort spent enacting them.
Thank you for your time consideration in this matter.
Sincerely,
William Lord