Apr. 09, 2021
I am a small retail investor and would like to express my opinion regarding the proposal of rule SR-NSCC-2021-801. The extremely high volatility of some securities over the last weeks and months seems to indicate that the markets are being manipulated by large private entities. To restore trust in fair markets that are open to all individuals like me I would appreciate it if rules such as this one are not only passed but will also actively be enforced. When the penalties for financial institutions are so small that they do not cut into the bottom line it is only natural that transgressions will occur in the future, transgressions simply have to be priced in. Please consider your role in the big picture and how trust in stock markets and the US dollar is already dwindling. Only transparent and decisive action can reverse this trend. Passing rule SR-NSCC-2021-801 could be one step on this way. Sincerely, Tim Fuchs