Sunil P Upadhyay Comment On Regulatory Notice 21-19
Please apply rules for better transparency and competition in the stock market. Investor will invest more if they believe in the system. Right now it is questionable.
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.
Please apply rules for better transparency and competition in the stock market. Investor will invest more if they believe in the system. Right now it is questionable.
Beyond belief this is happening day in day out, and is being ALLOWED to continue! Where is the enforcement? Where is justice for all? Where is basic human morality! ? The United States hierarchy is a joke, the world looks on in disgust!
The idea of a "fair" market is completely a figment of peoples imagination at this point. The corruption and "loop holes" that exist to allow the Rich to continue to get rich off the backs of the working average citizen is sickening. The stock market and corruption is rampant amongst banks, hedge funds, market makers, and politicians and government departments. The "connections" are blatant and the clear "turning a blind eye" to it is appalling. The market isn't even worth investing in or listing your company with as it is so easily manipulated by market makers.
increased reporting requirements around the currently broadly abused short selling practices in the stock market (including naked shorting, mis-reporting longs as shorts, re-hypothecated shares, married puts/calls, and fails to deliver) are a step in the right direction, the proposed changes do not go far enough to provide transparency and fairness to the public.
I think this marks one of your last chances to be on the right side of the fight. On the one side you have the institutions that collapsed the entire economy back in 2008 and are looking to do it once again simply for their own greed, using ILLEGAL practices in the forms of float dilution via synthetic shares and PFOF routing to darkpools, and on the other side you have the retail players who are trying to hold their own in this corrupt market.
Short sellers should be required to report their short positions daily, of all trades on the lit exchange and the dark pools. Failure to do so should results in forfeiting all profits made and in case of a loss, short sellers should be fined half of the amount they lost, if short sellers continue to not follow the rules fines should increase for 2nd and 3rd offense, after the third strike, a suspension should be imposed.