Apr. 09, 2021
I am an individual retail investor and would like to express my opinion regarding the proposed rule 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. It is time for an update to the current RegSHO closeout requirements and i believe this SLD change in process from Monthly to Daily settlement is progress. I would like to see this rule passed and effective immediately. Penalties enacted for non compliance and violation of this rule should be strong and swift. Rules like this happen to protect retail investors, who after all the latest news could really use a positive vibe on the stock market. If this rule is somehow blocked i see a lot of retail traders ignore the US stock market in the future. Sincerely, Thomas De Landtsheer