Emmanuel Ibus Comment On Regulatory Notice 21-19
"C. Frequency and Timing of Short Interest Position Reporting and Data Dissemination" This should be done more frequently. Prefer daily.
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"C. Frequency and Timing of Short Interest Position Reporting and Data Dissemination" This should be done more frequently. Prefer daily.
Thank you for considering these changes and taking an interest in retail investor opinions about them. I will keep it brief. First, it is no secret that stock shorting has become a practice that works in a way that is predatory to American businesses. Second, with decades of deregulation within financial markets the people who do engage in the more predatory forms of shorting have used antiquated reporting regulations to hide nefarious and possibly illegal trading practices. I think you folks are absolutely right to demand better reporting. Daily reporting.
"Total Shares Outstanding (TSO) and Public Float: FINRA also is considering including in FINRA-disseminated short interest data, where available, the TSO and public float for securities." This should be done on a more frequent basis. Prefer weekly reporting on the Public Float - number or percentage of shares available, number or percentage of ownership, specifically institutional, retail investors, and others, ownership on stocks. Having this regularly will further expose synthetic shares and naked shorts.
While short positions is legal and should remain so, predatory shorting that harms American companies, it's consumers, and American investors should be abolished. Greater monitoring of the practice and regulatory enforcement to prevent it from occurring is desperately needed. "Dark Pool" trading in particular is should be illegal and have those that participate in it the subject of punitive penalties.
Dark pools need to be eliminated and naked shorts are ILLEGAL but are still an ongoing practice among hedge funds. SSR needs to also be enforced much better. The hedge funds are able to do whatever they want and don't get punished for their actions. SEC, please step up and stop illegal practices and be more transparent in regards to stock market information.
Help us level the playing field. It’s the only way to make this fair.
Stop the price manipulation on AMC and GME. Put an end to naked shorting with more required reporting regulations, and increased oversight. Hedge funds and Brokers need steeper fines and tighter restrictions that will actually make them stop doing illegal activity, instead of being slapped on the wrist and still making millions. Shut it down. Transparency is key and the retail investors feel like they are being cheated.
To whom it may concern, Short interest positions should be reported daily. Dark Pool trading should be banned. I can understand the argument for their initial creation, however I do not trust financial giants from misusing the dark pools for price suppression. Payment for order flow should be completely banned. Retail investors should be on an equal playing field as hedge funds and market makers. The way things are currently leaves us at a huge disadvantage because we don't have real-time access to the same information.
I believe it’s the utmost importance that the short report of any kind, should be an information declared daily. Only then we shall have a market more equal and attractive to retail and everyone else. I appreciate very much the opportunity to let our voices be heard. Thanks, Felipe Borges
As a retail investor I believe that the provably widespread practice of naked shorting dilutes the share pool of companies that I believe in which artificially lowers stock prices. It is a method that predatory short hedge funds use to drive stock prices down, rather than allowing the market to engage in true price discovery. This causes companies which might otherwise be beneficial to society to shut down, illegally lowers my investment returns, and undermines my faith in the market.