Apr. 09, 2021
Dear Sir/Madam I am an individual British retail investor and would like to express my opinion regarding this new 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 that this SLD change in process from Monthly to Daily settlement, is an essential regulatory progress in the modern trading environment. I would like to see this rule passed and implemented with immediate effect, as my confidence in the fairness and transparency of the US investment market place, is extremely low at the moment, due to ongoing frauds and blatant manipulation by certain Hedge Funds. In conclusion, regarding this ruling, I would also like to see stronger penalties enacted for non compliance and violation of this rule. Thank you for your time and further consideration regarding this issue. Sincerely, David J Partridge