Apr. 09, 2021
Hello, I am an individual retail investor and would like to express my opinion regarding the proposed rule SR-NSCC-2021-801. I believe it is in the best interest of individuals and entities who invest in the stock market that, should this rule be enacted, become a necessary step in improving the transparency and accountability for entities that choose to engage in overtly predatory short selling/ rehypothecation of share borrowing. A necessary update to the current Regulatory SHO closeouts is sorely needed, and the SLD change settling on a daily basis is a strong basis for this improvement. In order to improve global trust in US securities and further international trade with American markets, these rules must be passed and enforced immediately. Finally, it is in the best interest of regulatory bodies to enact harsher penalties for non-compliance and violation of these rules. Failure to do so merely reinforces these short selling entities to continue performing these predatory actions that would have been easily mitigated from immediate enforcement of these rules. Complicit omission to enforce these proposed rules would severely diminish foreign engagement with American securities in the near future and could trigger a mass exodus of domestic and international retail and institutional investments that is contrary to the long-term sustainability of the US and global economy. Thank you for your time and consideration on this pertinent matter. Best regards, Edward Baruela