Zach Philipps Comment On Regulatory Notice 21-19
I would like the reporting of short positions to be public. Thank you.
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I would like the reporting of short positions to be public. Thank you.
Good evening FINRA, While these 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 agree with all your suggestions more transparency is definitely needed in this so called "free market". Instead of every two weeks why not daily or weekly. As a foreign investor the US market has a lot of issues that can be fixed with stricter follow ups on trades that happen.
The proposed amendment to FINRA 4560 is a laughable attempt at improving naked short selling internal control measures, actual regulatory action, or really any kind of further obligation on the part of the involved broker-dealers. There have been hundreds if not thousands of regulatory "actions" taken by FINRA related to short sale, and misreporting/misclassification of shorts. This filing appears to broaden the scope of required disclosures. period. end of filing. This does nothing to protect investors in a information landscape rife with inaccurate and unreliable information.
I like what you are talking about here daily transparency on fails to deliver, synthetic short positions, married naked options contracts.
Please, I am asking for a more transparent and up to date form of reporting short interest and dark pool information. All of these ideas listed above are what I want. The fact that large players in the market have info that retail investors do not, creates an unfair advantage. All we are asking for is transparent, accurate, and immediate information, along with the timely enforcement of rule violations and immediate or T+midnight transaction delivery. Thank you for the proposed changes!
Synthetic shares should not be allowed.
Every share should be tracked with unique identifier. Every share should be located and lent only once. Every order should be delivered T+2 or fails mean an exclusion and high cost penalty. Every short position should be updated with FINRA daily. The US market is manipulated by huge financial institutions with naked short selling and share price action manipulation. Please make it a free and equal market and the money will come in worldwide.
To whom it may concern, As a retail investor and American citizen with rights, I synthesize with all other retail investors and institutions who want nothing other than a fair and equal stock market. A stock market that is free and clear of any and all manipulation. We have been the "small guy" for so long without a fair shot in being able to generate wealth, growth, and practice for ourselves and family. Stock market manipulation tactics such as naked shorts, dark pool trading,adder attacks, just to name a few, are all illegal and have diminished our nation's stock market reputation.