Apr. 09, 2021
I am an individual retail investor and am willing to convey my opinion concerning the new proposed rule SR-NSCC-2021-801. This rule, if enacted and properly enforced, is a positive step towards accountability for those who routinely and recklessly abuse short-selling/stock-borrowing programs. It is time for an update to the current RegSHO closeout requirements, and I believe this SLD change in process from Monthly-to-Daily settlement is vital for meaningful progress. I think this rule should be passed and implemented immediately. Finally, I think stronger penalties should be enacted swiftly for non compliance and violation of this rule. The adoption of these measures should help limit systemic risk to markets, which for too long has been unaddressed. Thank you for your time and consideration in the complexity of this matter. Sincerely, Gerald Zigmond