Darryn Felton Comment On Regulatory Notice 21-19
Just want to say all aspects of short sales need to be much more transparent, along with dark pools/naked shorting, etc.
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Just want to say all aspects of short sales need to be much more transparent, along with dark pools/naked shorting, etc.
We need the rules to actually be enforced and market makers not able to use dark pools for anything other than non-predatory market making functions. Transparency and accountability are really the primary thing. Selling order books that show liquidation prices of individual investors is insider trading. Check every single futures chart and you will find impulse retracing liquidating people at their exact stop out and the price jump right back up. This isn't a coincidence. It's pure market manipulation through sold order books and information no one else has access to.
Price discovery tools are being used for fraud. Americans are having their money stolen by bad faith actors in the market. [REDACTED] someone do something.
Why AMC it's always been a stable for the community so many dates and good times. What's with the FTDs
There is so much public data showing short positions that exceed the outstanding shares of multiple companies. Short positions should be reported at least weekly. This includes borrowed shares that are sold short, and put options. Firms that fail to deliver should be fined much more than they currently are. If there are 1,000,000 outstanding shares, but call 20,000 open options for a ticker, there is clearly too many “synthetic” shares on the market, because if all those were exercised, there would be more shares on the market than were offered by the original company. Fines need to go up.
To keep it simple, shorting rules and regulations need to be updated and brought up to speed. Reporting should be done faster and more efficiently.
As a retail investor I would like to say I’m disgusted at my findings along with the “apes”. Now the media is covering the issues with naked shorts, dark pools, price manipulation, etc. What a time time to be alive. I as many other expect the right thing to be done and allow a free and fair market for EVERYONE. Make everyone accountable for whatever rules they broke. If the roles were reversed, they would be writing you these comments.
Short reporting should really be transparent
1. More visibility need in to short sellers 2. Punishment for breaking/violating rules need to be more severe.
Fines smaller than the profits made by violators are called bribes. All regulatory bodies that impose minor fines are taking bribes. The fact that comments are being asked for when the public sentiment on naked short selling, FTDers, and obvious price manipulation is incredibly easy to find is just another slap in the face to retail traders.