Apr. 09, 2021
Good Morning, I am an individual retail investor from the UK 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 short-selling/stock borrowing program. It is time for an update to the RegSHO closeout requirements and I truly 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. Lastly on this ruling, I would like to see more stringent penalties enacted for non-compliance and violation of this rule. Thank you for your time and consideration on this matter. I would like to take this opportunity to tell you that the world is currently watching and looking to your organisation. Please do the right thing. Sincerely, Benjamin Bailey