Apr. 09, 2021
Hi, I am an individual retail investor and would like to express my opinion regarding the new proposed rule SR-NSCC-2021-801. I believe this rule, if adopted and enacted, would be 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 much needed progress. I would like to see this rule passed and implemented immediately. Lastly on this ruling, I would like to see stronger penalties enacted for noncompliance and violation of this rule, as current practices of noncompliance present significant financial fragility to our markets. Thank you for your time & consideration in this matter. Sincerely, Joseph Kissel Retail Investor