Apr. 09, 2021
To who it may concern, My name is Ash and I am a 19 year old from Australia. I believe that this rule will greatly improve the stability and fairness of the US stockmarket. Hedgefunds should have to confirm their positions daily to prevent a situation like $GME occuring again. This new rule SR-NSCC-2021-801 would ensure hedgefunds are risk managed by a 3rd party, and if they are at the point of no return, (such as the mass shorting of GameStop shares, and options that caused a gamma squeeze) This rule stops them from digging a deeper hole and bringing everyone down with the ship. The hedgefunds have put themselves in a position that could jeapordize the entire US economy, similar to the crash in 2008. I urge you to read this report on the situation Citadel Securities is in, and how they have shorted the US Treasuries bonds and taken on US debt: https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/?utm_medium=android_app&utm_source=share Thankyou for giving me the chance to voice my thoughts on this Critical Rule, and I hope the implementation of this rule allows individual investors the same 'right to a fair go', as we say here in Australia. Kind Regards, Ashton Abeling.