Apr. 09, 2021
I am an individual retail investor and would like to express my opinion regarding proposed rule SR-NSCC-2021-801. If enacted this rule is a step in the right direction towards accountability for those who engage in the short selling/stock borrowing program. It is time for an immediate update to the current RegSHO closeout requirements: 1. Monthly to Daily settlements are imperative to ensure transparency 2. Penalties for non-compliance must be much more strict to ensure an acceptance of responsibility by making appropriately harsh restitution and deter future engagement of non-compliance. Thank you for your time & consideration in this matter. Sincerely, -- Monica Truong R.N., Intensive Care Unit, Grand River Hospital