FINES MUST EXCEED ill-gotten gains "EARNED" by bad actors in the markets!

re: Comment on Short Interest Position Reporting Enhancements and Other Changes Related to Short Sale Reporting To whom it may concern, the current structure and function of the American Equities Markets has, over a period of many years (& now on display for the whole world to see in the unfolding of the Meme Stock Scandal), been utilized to swindle trillions of dollars from The American Retail Investor. The subsequent damage to the integrity and reputation of the market is immeasurable.

Also PLEASE for the love of god, end the ability to transfer FTD's to another party per REG SHO. This is an poorly written loop-hole that abuses the retail customers!

Current rules/regulations that are in place to monitor/report short selling and positions associated with short selling are entirely inadequate. Rules in place that allow for many loop-holes including short exempt, married calls/puts and dark pool activity + high frequency trading leaves currently regulations looking like swiss-cheese. Abuse from market makers and hedgefunds that are paid in gold toilets and $100 bill toilet papers needs to stop. The SEC needs to pre-empt these issues and address them immediately before the free-market becomes the laughing stock of the world.

Aloha, The fact that short sale reporting is self reported is incomprehensible. The current standard for short sale reporting has allowed and incentivized certain institutions to conduct illegal activity with short and distort schemes. With the technology we have today the standard for short interest and short sale reporting must be updated. Short interest position and short sale reporting need to be mandatory and ENFORCED daily. There is no excuse for anything less then daily mandatory reporting. Transparency matters, equality matters, retail investors matter.

Technology is at a point where reporting times such as the current T+2 settlement is unnecessary and is being unfairly used as a tool for hedge funds and other entities to have leverage over retail investors. This can and should be transitioned to a T+0 settlement period. This modern world can transmit and receive data almost instantaneously and we should use this to help give the average investor a more level playing field. I fear that if regulatory bodies do not start making serious changes, the United States economy is in serious jeopardy.

Here’s a simpler solution…. Selling a stock that you don’t own should be illegal. Eliminate (naked) short selling… period.

Do not allow options mechanics or trading between parties to hide short positions. Also, make short positions greater than 2% of a stock’s outstanding shares public knowledge and require reporting in filings.

I think that naked short selling should be completely outlawed in every corner of Wall Street. However, considering that large financial groups have very large amounts of money and power in their favor, I don't think that is possible. What is possible is complete equality and transparency when it comes to disciplinary actions enforced. For example, the hedge fund Citadel Securities has been charged with many financial crimes relating to stock trading, and has received some fines.

All short positions made by large institutions should be reported including naked short positions daily.