April 9, 2021
I am an individual retail investor, and I would like to express my opinion regarding the proposed rule SR-NSCC-2021-801.
I believe this can be a positive step toward accountability for those who engage in the short selling/stock borrowing program. It is past 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 necessary progress.
I would like to see this rule passed and implemented immediately.
I would also like to see stronger penalties enacted for non-compliance and violation of this rule.
Thank you for your consideration.