Apr. 09, 2021
To whom it may concern, Good morning, my name is Mitchell and I am a retail investor writing this email in support of SR-NSCC-2021-801. It is my belief the passage of this rule is necessary in maintaining stability within both the US and International markets. Just recently we have seen the severity of over-leveraged positions in the collapse of Archegos Capital and I firmly believe there may be many other organizations with similar positions. I believe this SLD Change in process from Monthly to Daily settlement is progress and should be coupled with stronger penalties for non-compliance. This rule should be passed and implemented immediately. Thank you for consideration in this matter. -Mitchell C.