Apr. 09, 2021
Hello, This is my opinion regarding SR-NSCC-2021-801. I believe that this SLD change in process from Monthly to Daily settlement will give us better transparency and insight into the misdealings of institutional investors. I think this will make the market more fair and move retail investors slightly more towards even footing as information on short interest, and Failure to Delivers will be more readily available. I believe this rule (if enacted) will help aid in seeing accountability for those who engage in short selling/stock borrowing. Far too many corporations see violations as a cost and not a punishment. The cost of a penalty pales in comparison to the potential and frequently granted financial gains of fraud and deception. I would like to see stronger penalties enacted for non compliance and violation of this rule. The implementation of SR-NSCC-2021-801 will give prosiding regulatory bodies [NSCC/DTCC] better ground on which to ensure there is a fair and stable market. This will limit some of the extremely irresponsible actions institutions take, thereby reducing the chance of another economic jeopardy. In my opinion this should be passed and implemented immediately. Thank you Sincerely, Karston Chatland