Apr. 09, 2021
My name is John Sotherland, Jr. and would like to express my opinion regarding 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 the short selling/stock borrowing program. It is time for an update to the current Regulation SHO closeout requirements and I believe that a change in process from Monthly to Daily settlement is needed for the future stability of our economy. This rule should be passed and implemented immediately. Lastly on this ruling, a fifty percent fine on revenue should be enacted for non compliance of this rule. Thank you for your time and consideration in this matter. Sincerely, John Sotherland, Jr.