Apr. 08, 2021
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. I am an individual retail investor and would like to express my opinion regarding this new proposed rule SR-NSCC-2021-002 and SR-NSCC-2021-801. I believe this rule - if enacted- is a step in the right direction towards accountability for those who engage in the short selling/stock borrowing program. I support any rule that eliminates the inexplicable lack of scrutiny which allows hidden dirty/illegal dealings, naked shorting, FTD shares, dark pool trades, ladder attacks, trading to artificially lower the price per share, etc. 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 at least some 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, David Frasher