Anonymous-HI Comment On Regulatory Notice 21-19
Shouldn't we know exactly where each share of a company is located? If traders are loaning their borrowed shares, we should know that as well, otherwise, we are building a house of cards.
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Shouldn't we know exactly where each share of a company is located? If traders are loaning their borrowed shares, we should know that as well, otherwise, we are building a house of cards.
Daily short reporting. None of this every 15 days. Also eliminate this T+2 reporting nonsense so they can naked short in the days between. No more illegal stuff. If we rob a bank or store WE GO TO JAIL OR PRISON. IF THEY ROB US ... They pay a $1000 fine and go back to work ... meanwhile they added millions in profit.
Naked shorting is illegal. HAH. If only these rules were enforced. If only infinite loopholes didn't exist.
To whom it may concern: Regarding FINRA regulatory Notice 21-19 Many of us are concerned. The Citizens of The United States of America are demanding full transparency regarding Short Sale Reporting, as well as full accountability regarding Failure to Delivers. The World is watching and the integrity of our stock market is at stake. We demand full transparency/accountability. Thank you for your time. Sincerely, Kevin Coon
As an investor in our countries “fair & free” stock market the suspicious activity surrounding a few stocks has made myself (and millions of other investors) quite skeptical on the integrity and fairness of the US stock market. The world is watching to see what happens as greedy hedge funds with billions of dollars tinker around with the market with shady (even illegal) tactics that could cause another massive market crash and billions if not trillions of dollars lost in the average citizens investment accounts, 401ks, etc.
Please just do your job. All we want is a fair market. These hedge funds break the rules and nothing is done. We need transparency. We need our governing bodies to actually enforce the rules. We need to be protected or everyone near and far is going to pull their money out of the US market.
Dark pool shouldn't be used to manipulate the share price. There also should be a limit of how much the hedgefunds can put in there. When dark pool is being used illegally. Not the way it was intende, there should be severe fines and punishments. Imagine of everyday people could manipulate and cheat every day .....it would be chaos. They get to do all these tricks to get out of being accountable. They get to have billions in the darkpool. That's ABSURD the amount of corruption coming from the hedgefunds will get alot of people discouraged from ever doing the stock market.
I would want all the of these actions implemented and a DAILY accounting of it in both graphing and table form made available for public consumption. I believe that short positions are a part of the market's functionality. However, only 1 level. That is, a true 1-to-1 correspondence of short to stock share. The delivery date MUST be cut down to 1 day without a 'kick-the-can' down the road opportunity. I do not want to see small cap and micro cap stocks to EVER be shorted. Shorting smaller companies can destroy innovation of new technologies and scientific breakthroughs.
Please increase market transparency through these proposed changes. Retail traders have a disadvantage because we have no access to these types of real-time data. We deserve to have accurate access to this data in a timely manner when we are investing, not weeks later. Perhaps, these changes will begin to level the playing field and allow retail traders begin to have faith that the goal is to have a fair open market again, the way it was intended to be. Right now, I have little faith that regulators and agencies are working to ensure a fair open market.
Let me begin by stating I believe the apparent inability to administer existent provisions regarding shorting and naked shorting demonstrates a gaping hole in the system. FINRA and all related regulatory bodies have ignored the scams played by the hedge funds in hiding their activities as well as permitting a hedge fund to be the major market maker in a security they intend to pummel and drive into the ground--oh, and of course they have insider sight lines.