Apr. 09, 2021
To Whom it May Concern: I am an individual retail investor and would like to express my opinion regarding new proposed rule SR-NSCC-2021-801. I would like to see this rule passed and implemented immediately. I believe this rule - if enacted- is a step in the right direction towards accountability for those who engage in a 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 demonstrates that the federal government is dedicated in preserving a fair and equal playing field in our markets, not only to US citizens but to market participants across the globe. Lastly, I would like to see stronger penalties enacted for non compliance and violation of this rule. The idea of “too big to fail” or that there are no actual consequences for individuals and firms that engaged in reckless trading behavior left an indelible mark upon many after the 2008 subprime mortgage crisis. It cannot and should not happen again, and this rule would absolutely help on that front. Thank you for your time & consideration in this matter. Sincerely, Jonathon W Fischer, Esq.