Apr. 09, 2021
I am a European individual retail investor and would like to express my opinion regarding this new proposed rule SR-NSCC-2021-801. I believe this rule, when enacted, will be a step in the right direction towards accountability for those who engage in short selling and/or naked short selling and/or stock borrowing program. It is time for an update in the current RegSHO to a daily settlement. I would like to see this rule passed and implemented immediately. Lastly on this ruling, I would like to appeal for much stronger penalties enforced for non compliance and violation of this rule. A good starting point would be a percentage of annual turnover, i.e. the more a bank/fund turns over in the last twelve months, the higher their fine would be. I believe Denmark uses this type of scaled fines for deviants. Thank you for your time & consideration in this matter. Sincerely, Alex B