Apr. 09, 2021
Dear SEC, I believe SR-NSCC-2021-801 is a necessary rule to provide oversight to financial institutions so that a repeat of the 2008 mortgage backed securities crash does not occur again. If financial institutions are not over-leveraged then this rule does not create any material adverse effects for them but if they have been taking high risks then the SEC can put a stop to it before another or otherwise larger crash occurs. Thank you for your consideration, Danny Tam, retail investor