Apr. 09, 2021
To whom it may concern, I am both an individual retail investor and invest in various securities in the U.S. Stock Market through my company in order to preserve and grow capital for operations. I am emailing to to express my opinion regarding the new proposed rule SR-NSCC-2021-801. I believe this rule - if enacted AND enforced - is a step in the right direction towards accountability for those who engage in the short selling/stock borrowing program in an irresponsible or even outright fraudulent manner. It is time for an update to the current RegSHO closeout requirements and I believe that this change in SLD requirements to a daily or intraday calculation and deposit is progress. I would like to see this rule passed and implemented immediately. Not only will this help safeguard the fortunes of millions of individual retail investors, but the passing of NSCC-2021-801 is crucial to protect small businesses who choose to invest their capital in the U.S. markets. Finally, I would like to see stronger penalties enacted for non compliance and violation of this rule. Thank you for your time and consideration in this matter. Best regards, Ryan Snyder