Apr. 09, 2021
Hello, and thanks for your time. Approving and instating SR-NSCC-2021-801 is a necessary step towards a truly balanced and open market. Currently it’s simply unrealistic to expect the SEC to be able to regulate large hedge funds that have the power to lobby and all but bypass SEC regulations, even so far as conducting fraudulent activity and adding the consequent SEC fees to their balance sheets as “the cost of doing business”. The American people are sick of hedge funds using their immense size and power to influence the market, and make extremely risky investments that risk destroying the economy. They regularly invest in the likelihood of bankrupting American businesses that otherwise would have continued to run successfully without the hedge funds’ intervention. Enough is enough. Instating SR-NSCC-2021-801 will empower the SEC to protect the American people. We’re all counting on you!