Subject: Rule SR-NSCC-2021-801
From: Stephen Fitzgerald
Affiliation:

Apr. 09, 2021



To whom it may concern,

The proposed rule change SR-NSCC-2021-801 is an excellent idea that we should have utilized earlier.

Maintaining a minimum amount of “skin-in-the-game” promotes more responsible decisions on the part of large institutional investors and maintains a more accessible market for all by guaranteeing that large financial moves are accompanied by some actual risk.

This is imperative as it makes level a huge disadvantage retail and other smaller investors face when engaging in the stock market...consequences.

Please approve this rule change in order to maintain and cultivate a market place where all Americans have the same opportunity to profit.

Thank you for your time,

Stephen Fitzgerald