September 3, 2021
Hello,
The NSCC-005 seems to only effect individuals or small groups as opposed to organizations like hedgefunds, who are more likely to already have the new minimally required amount in their margin accounts.
Is it possible to separate the rule from small groups and large groups?
i.e.
Small:1-20
Large:21+
I believe that a specification and designation such as this will assist in bringing equilibrium and fairness to the market in general, as individuals are not the only entities who short-sell on the stock market however, larger groups such as hedgefunds focus primarily on short-selling.
Perhaps $250,000 per registered individual, and fines if there are found to be any unregistered individuals, and a higher requirement for hedgefunds and groups of \"x\" or more, as more margin may already be readily available. The unethical/borderline illegal practices will hopefully be lessened if there is a more strict ruling in this regard.
I hope that if not all, any portion of this suggestion may be considered and implemented for the sake of fairness within the SEC for all of those who participate in it.
Thank you for your time.