Apr. 09, 2021
I am an individual retail investor on the NYSE and would like to give my opinion regarding the new proposed rule SR-NSCC-2021-801. I believe this rule, if enacted, is absolutely 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 Regulation SHO closeout requirements and I believe that this SLD change in process from monthly to daily settlement is progress. I would like to see this rule passed and implemented immediately with no hindrance. Also on this ruling, I truly believe we need to see stronger penalties enacted for non compliance and violation of this rule, perhaps a means tested amount that actually makes the violator change their ways. Thank you for your time in advance. Kind Regards Brendan Nelson