April 22, 2022
Susanne Trimbath said it best. Paraphrasing her comments:
NSCC-2022-801 is a rehash of NSCC-2021-10 which was a rehash of NSCC-2021-03. This is a power move by NSCC to get ahead of SEC stock loan tracking proposal. They propose to warehouse stock loan agreements like they warehouse fails to deliver. Not settle, not close, just warehouse.
Force closure.