Apr. 09, 2021
To whomever it may concern, I am an individual Canadian retail investor and trade largely in American stocks/commodities. I would like to express my opinion regarding this new proposed rule SR-NSCC-2021-801. I have witnessed alarmingly disproportionate naked short shelling/stock borrowing occur in the ‘Free market’, especially the last few months. I believe if this rule were to be imposed and enacted, there will be accountability. It is time for an update to the current RegSHO closeout requirements and I believe that this SLD change in process from Monthly to Daily settlement is progress. I would like to see this rule passed and implemented immediately. It would help me keep my fast-dwindling faith in investing in the American market. Lastly on this ruling, I would like to see stronger penalties enacted for non compliance and violation of this rule. This would prevent the guilty from treating the penalties as ‘cost of doing business’. Thank you for your time. Sincerely, Latha Ravi