Apr. 09, 2021
Good morning, I am an individual european retail investor trading through NYSE and if I am allowed, I would like to express my opinion regarding the newly proposed rule SR-NSCC-2021-801. I am sure this is a step in the right direction towards holding accountable those who illegally engage in short selling and stock borrowing programmes. There is evidence suggesting the market is in a position similar to 2007-2008 due to this dangerous and irresponsible use of leverage. Passing SR-NSCC-2021-801 would be a step by the SEC to avoid the unfolding of another historical crisis. 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, as I personally believe that the practitioners of these activities are big enough to net a profit on top of the penalties. Thank you for your time and consideration in this matter. Sincerely, Diogo Meneses