Apr. 08, 2021
To whom it may concern, I would like to express my support in favor of passing the SR-NSCC-2021-801. The reason why this regulation has been necessary to draft is due to the unethical and irresponsible practices of market participants that have amassed a level of risk exposure and leverage that must be deemed unacceptable. I am a former United States Marine currently pursuing a Masters of Science in Quantitative Finance, and proud to be a part of this Great Nation. Failure to pass this legislation would convey a lack of support from the very institutions that pledge to have the best interest of retail investors to the same degree hedge funds and market makers have support. It is my hope that the SEC conducts themselves with integrity and votes yes to enact SR-NSCC-2021-801. The naked shorting, the Failure To Delivers, the rehypothecation, the counterfeit shares have been abused by Hedge Funds and Market Makers. Let them know they can no longer abuse the financial system to line the pockets of their constituents at the expense of others. The reason this fraudulent behavior has been exposed is due to the unity, faith, and loyalty of retail investors and we will gladly share that allegiance towards the SEC once we know the SEC has our backs. Your consideration in the matter is greatly appreciated. Kelly C