Apr. 09, 2021
Dear Acting Chairwomen Lee and Commissioners I am an individual retail investor and the new proposed rule SR-NSCC-2021-801, if enacted, will lead to greater accountability for those who engage in the short selling/stock borrowing program as well as protect businesses as well as the US economy. Updating the current RegSHO closeout requirements is desperately needed and changing the SLD process from Monthly to Daily settlement is progress. I would like to see this rule passed and implemented immediately. Lastly, as current penalty models appear to be "just a cost of business" for non-retail investors, I would like to see stronger penalties enacted for non-compliance and violation of this rule. Thank you for your time & consideration in this matter. Regards, -- Regards Jeff Hoffman