April 9, 2021
Hello,
Thank you for your time and oversight into these matters. I am in FULL support of SR-NSCC-2021-801 with immediate and effective action.
More accountability and transparency is required to protect the market as a whole. With the recent news of a certain capital management firm being over-leveraged and margin-called, the daily reporting and SLD requirements is an absolute must.
Big institutions have gone unchecked to the point of over-exposure and posing substantial market risks for the sake of for profit without any after thought of economical risks and impact.
We live in an age where technology now supports in real-time reporting if needed. However, the current process and policies are dated and allows habitual market abuse through loopholes and lack of penalties that make a substantive difference. I.E. the cost of doing business.
If this continues to go unchecked, confidence will be lost through the market collapsing for poor risk-management of institutional investors.
This may incentive retail investors to look into other opportunities outside of the American market. Possibly, decentralized currency. While volatile, less likely to be manipulated. Instant access to information. Also, becoming more widely accept in big businesses and banks. Some investors consider this a good hedge against any fiat currency.
This is a key opportunity to transform the market into a fairer/freer market.