Apr. 09, 2021
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 enacted- is a step in the right direction towards accountability for those who can abuse the short selling/stock borrowing program. It is time for an update to the current RegSHO closeout requirements and I believe that the SLD change in process from Monthly to Daily settlement is necessary. I would like to see this rule passed and implemented as soon as possible. Lastly on this ruling, I would like to see stronger penalties, and much higher fines enacted for non compliance and violation of this rule. Traders and funds that abusively short the market have the potential to wreck the economy, put companies into bankruptcy, and jeapordize millions of retirements. Thank you for your time & consideration in this matter. Sincerely, Ryan Mollette