Subject: File No. SR-NSCC-2021-801
From: Anonymous
Affiliation: Retail investor

April 9, 2021

I am a retail investor who was adversely when robinhood and other brokerages stopped allowing people to purchase certain securities such as $GME in late January of this year. From what I understand, they were margin called due to never having purchased shares of the securities in question on behalf of the users of their platform.

Something like this should never happen again. It undermines faith in the US markets as a whole and cost many retail investors substantial amounts of money when the brokerages were allowed to change the rules in the middle of the game.

I support this proposed rule change and anything else that increases transparency in the markets. No firm should be able to hide overleveraged positions for so long that they risk disrupting the entire market. I have no doubt that shorts in $GME and other securities have not covered and in fact have continued to short these securities in an effort to get retail to panic sell. They need to be margin called and liquidated before they can make this problem even worse than it is for other members of the DTCC and the market as a whole.