April 9, 2021
Good morning,
I will keep my comment relatively brief. The proposed aforementioned companion amendment to DTC-003 is a necessary one. It holds the financial institutions (such as hedge funds exploiting lack of regulatory oversight) person(s) accountable for their opportunistic actions. As an retail investor in the global market, I believe that NSCC-2021-801 has the highest priorities in being implemented and enforced immediately.
It is no surprise that traditional American values of Achievement, Equality, Work , Justice and American exceptionalism are being further jeopardized by hedge funds of whom have amassed billions by exploiting the existing lack of regulatory transparency, further eroding trust and integrity that global investors have towards the U.S. stock market.
There needs to be greater transparency and regulatory enforcement to curb the opportunistic practices that disenfranchise retail investors. This is an urgent matter which, if resolved, will help retail investors around the world retain trust in the legitimacy and credibility of the stock market and United States as a whole.
Kind regards,
-William Ferrand