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2020067045101 Ethan T Binnion 4990020 AWC DM (2021-1635553209395).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2020067045101 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Ethan T. Binnion (Respondent) Former General Securities Representative CRD No. 4990020 Pursuant to FINRA Rule 9216, Respondent Ethan T. Binnion submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of

SR-FINRA-2020-041

Rule Filing Status:  Approved

Rule change to adopt FINRA Rule 4111 (Restricted Firm Obligations) and FINRA Rule 9561 (Procedures for Regulating Activities Under Rule 4111) to address firms with a significant history of misconduct.

Victor Vespertino Jr Comment On Regulatory Notice 21-19

To whom it may concern, Yes, I believe daily or even weekly reporting of short interest positions would be a step in the right direction providing retail investors confidence that the markets can indeed work for them also. I think it would be extremely useful if entities were required to report synthetic short positions if only to make market makers more honest and not let them overleverage thus cause serious destabilization in the markets.

Josef Grey Comment On Regulatory Notice 21-19

Dear FINRA Committee members, It is this commenter's genuine hope that short selling is banned as it serves counter-purpose to the two primary functions of the Stock Market, Capital Allotment, and Price Discovery. As such an act would likely remove the need for FINRA, and it is unjust to request this forum to consider self-destruction. Instead, this comment hopes to serve as a basic appeal for the fair, accurate, and timely reporting of Short sales, cumulate short positions, individual ticker short interest, and options-implied float.