April 9, 2021
I am disabled U.S. Marine and also an individual retail investor and would like to express my opinion regarding this new proposed rule SR-NSCC-2021-801.
I believe this rule which should be enacted, is a step in the right direction towards accountability for those who engage in the short selling/stock borrowing program. An update is necessary to the current RegSHO closeout requirements and it is my belief that this SLD change in process from Monthly to Daily settlement is progress.
I would like to see this rule passed and implemented immediately.
In addition, I would like to see stronger penalties enacted for non-compliance and violation of said rule.
I appreciate your time consideration in this matter.
Semper Fi,