April 9, 2021
I am strongly in support of Rule NSCC-2021-801 for greater accountability. Reducing the 30 day window hedge funds have to cover up their :
- dirty dealings
- naked shorting
- FTD (failure to deliver) shares
- dark pool trades
- ladder attacks
- trading amongst themselves to artificially lower the price per share and
- other illegal/immoral tactics only afforded by the ultra-rich entrenched establishment...
...is a step in the right direction. The American people should not foot yet another bailout. Failure to enact could result in a loss of faith in the American stock markets and further damage to our reputation amongst our international brethren.
I urge immediate passage of SR-NSCC-2021-801 as well as fines for non-compliance to be proportional to any illicit gains.
Sincerely,
Kent Reed