Subject: File No. SR-NSCC-2021-801
From: Nicolas Francisco
Affiliation: Retail Investor

April 9, 2021

Adoption of these measures will aid in curbing systemic risk to markets. Risk that has gone unaddressed for far too long. The current levels of scrutiny, or lack thereof, have clearly allowed several members of institutions to overextend their risk leverage. This is a danger to everyone.