Apr. 08, 2021
Hello, Thank you for taking the time to read my email. I believe that it is in the best interest of the majority (SEC, most members of the DTCC, retail investors, etc.) if this rule is approved soon. I understand that certain members of the DTCC feel that they are too big to fail, and that their failure would result in systematic risk. However, I would argue that if the SEC and the DTCC do not allow these risk-addicted members to fail, then the SEC and the DTCC themselves will be contributing to even greater systemic risk. These members of the DTCC, who have lost their bets and then quadrupled down on their positions, are not more important than the rest of the financial system. The longer it takes to pass and enforce these new rules, the bigger the systemic risk becomes. More people understand what is going on nowadays thanks to the internet. The entire world is watching and the SEC needs to make the correct decision and approve SR-NSCC-2021-801. Thank you.