April 9, 2021
I am an individual retail investor from outside the US that has been trading for a year.I would like to express my opinion regarding this new proposed rule SR-NSCC-2021-801.
I believe this rule is a step in the right direction towards accountability for those who engage in the short selling/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 progress.
I would like to see this rule passed and implemented immediately.
Lastly on this ruling, I would like to see stronger penalties enacted for non compliance and violation of this rule.
Thank you for your time consideration in this matter.
Sincerely,
Fabio de Sousa