April 9, 2021
I am a relatively new retail investor and would like to share my opinion regarding 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 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 much stronger penalties enacted for non compliance and violation of this rule.