Apr. 09, 2021
I'm an individual retail investor and would like to express my opinion regarding this proposed rule: SR-NSCC-2021-801. This rule, if enacted, is the potential start of increased accountability for those who engage in the short selling/stock borrowing program. I believe the time for an update to the current RegSHO closeout requirements is long past due; I also believe that this SLD change in process from monthly to daily settlement is mild progress. I would like to see this rule passed and implemented immediately, especially given the vast number of innocent investors who have been taken advantage of as a result. To further ensure this accountability, I would like to see stronger penalties enacted for noncompliance and violation of this rule. I hope the SEC exemplifies integrity on this matter. Blessings, Brandi Mccanna