It is apparent that in the current market retail investors are at a distinct disadvantage when the data and tools at the disposal of institutional investors are taken into consideration. Synthetic shares, the abuse of dark pools and a general lack of transparency mean that playing field is not level for all parties involved.

Yes all these disclosures are ok and show improvement. But what we need is bigger fines and penalties for those who breaks the rules and manipulating the market, yes Hedged finds and Broker platforms such as Robinhood. You need to say it’s enough and you can’t keep doing wrong stuffs. All these little fines recently changes nothing, someone is at fault and guilty, some people deserve to go to jail for it as they damaging millions of people lives by ruining their financial situation. Some brokers/trades platforms such as Robinhood needs to be checked on as well and punished severely.

I would like to see you actually enforce your rules. Not reminders, a actual punishment. Also not a "yeah we saw you steal 700 mil so we're just going fine you 70 mil and you can be on your way." No all of it. Everything that was taken, taken back. From what I have seen you don't enforce ur SSR rule, Threshold list rules, naked shorting rules, payment for order flow rules ect... Also if your really about transparency and a fair market, like your statement says, start with same day data instead of t-2 for short data. Hardly fair when retail in alway at least 2 days behind the big players.

I would like to see changes in the reporting of shorts taken place in real time, full transparency from all investors from insiders to retail investors (with an emphasis on hedge funds), discontinued use of algorithmic trading tactics, synthetic shares, loop holes used to create selling pressure, and any other market manipulation tactics. I want to see real action taken to prevent and correct malpractice in the stock market.

Company A makes $2 billion from illegal activity and gets fined $70 million. $1.93 billion profit, why would they stop doing it? Currently, punishments deployed by FINRA are absolutely embarrassing.

Individual retail investors and the SEC need daily, hourly, real time, transparency into synthetic short interest, naked shorts, high-frequency, dark pool trading. The dark pool trading and blatant market manipulation creates an unfair advantage to hedge funds and market makers. Without this, the federal government is giving an unfair advantage to Wall Street, and disadvantaging Main Street! Penalties for their use of synthetic shares should include jail time, and monetary fines have done nothing to curb this predatory behavior.

Transparency in the market is required to ensure fairness. It has become apparent over the past few months how market is prone to manipulation by certain firms. I’m in support of this notice.

If I stole from a store I would end up in jail. But when the hedge funds does it. It’s creating a market. Double standard. They are stealing from the American people’s wallets. The same ones that pay for you to secure the exchanges. Which it is not being done. This makes me lose faith In the American stock system if all we are gonna do is lose our money to fake stocks and dark pools. I can’t believe this is being allowed when hundreds of people are complaining and showing proof of the stock market being manipulated. Now, imagine the rest of the world watching. Because they are.

Dark Pools exist for large institutional orders. Use for any other purpose should be illegal. Naked shorting must be prosecuted.

Yes to all. The more transparent, the better. The sooner, the better. Reporting should be on a daily basis, regardless of cost, and I feel that these practices should apply to ALL firms, member or otherwise. This needs to be an across the board regulatory process. The application of these changes, based on membership, will certainly be a cause of competitive discrepancies and will eventually result in new strategies/collusion among member firms and non member firms to circumvent these changes.