Khiem Le Comment On Regulatory Notice 21-19
Brokers should not be able to lent out our shares and use it for illegal short selling. Many brokers have this program, and some of them opt-in to lent out our shares even if the customers agreed not to.
For the Public
FINRA Data provides non-commercial use of data, specifically the ability to save data views and create and manage a Bond Watchlist.
For Industry Professionals
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
For Member Firms
Firm compliance professionals can access filings and requests, run reports and submit support tickets.
Brokers should not be able to lent out our shares and use it for illegal short selling. Many brokers have this program, and some of them opt-in to lent out our shares even if the customers agreed not to.
I guess you need me to tell you to do your jobs. Wall Street requires regulation. Look around you and open your eyes.
Gamestop and many other stocks have been and continue to be a target to illegal naked short selling that needs to stop, protect the retail investors and companies from crooks and cheats that use illegal practices to stay rich and keep the poor broke as well as drive companies that do good in the world into the ground. Get rid of PFOF, insider trading, politicians having any part of trading, dark pools. Implement the rules you have in place already. Increase fines on the hedge funds that steal millions and only get fined thousands.
It’s sad to see laws being broken and nothing being done to bring justice to the people being taken for granted and used. Billionaires should not be allowed to get away with this kind of nonsense theft. Where is the rule of law? Allowing this type of theft is slowly unraveling our society and has very dangerous implications. Companies are going bankrupt due to companies like citadel shorting stocks. Make everything transparent. PROTECT THE WORKING CLASS #kengriffinlied
By implementing rules that are so easily maneuvered you’re at best turning a blind eye to naked shorting (fraud) and at worst facilitating fraud and the demise of the trust in American Institutions.
I'm pretty sure you have seen the unfair playing field retail investors have vs market makers and politicians. Something needs to change, for the people to at least level the playing field. We need a fair market, not corrupt where rich get richer and the little guy is screwed over. Thanks.
Please prosecute Citadel for their stock manipulation of GameStop
I want more data, more frequently, with more penalties for omissions and false reporting. Please push for more transparency in the markets.
Any data that is communicated publicly should be communicated in the most efficient manner possible. In a industry where data is considered to be so valuable that firms were willing to spend millions of dollars to have their fiber optic cable runs as close as physically possible to the exchanges so they could get a timing advantage, the short interest report being collected only a twice a month and distributed up to 12 days later is like finding out the asteroid hit 12 days later.
FINRA 21-19 is a long overdue change. It is clear that the integrity of the United States market has been strained to the edge of disaster, in large part due to systemic risk developed under the regulatory authority of FINRA's outdated short interest reporting policy. While many of the policies mentioned in Regulatory Notice 21-19 address the general breadth of exploitable and ineffective reporting, they also leave significant specific gaps that could compromise the entirety of 21-19's purpose.