Hayden Thompson Comment On Regulatory Notice 21-19
More frequent public reporting of short positions and more detail in public reports.
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More frequent public reporting of short positions and more detail in public reports.
Short Sale Reporting must include all open short positions, such that FINRA and the public can have an accurate and complete understanding of how many shares have been sold short for a given security. Without this transparency, FINRA and SEC rules and laws will continue to be broken, without accountability and faith in the US markets, as a whole, will continue to be eroded. I submit that FINRA and its members have the duty and have been entrusted to protect the market's integrity and its reputation, and all market participants.
This is copy and pasted from a Reddit post but outlines exactly what I want to see to ensure all the cards are on the table. I also want something done about payment for order flow and people like Robinhood being able to sell me shares for more than NBBO. Rule 1. All short sale shall be reported to finra by end of each settlement day. Rule 2. Finra shall make public report the day to day short sale by end of settlement day or the trading week. Rule 3. All unused loaned shares shall be reported to finra by end of settlement day. Rule 4.
I would like to point out two proposals that I absolutely think must be accepted. The others are still very good to increase accountability and reestablish some semblance of trust. "Synthetic Short Positions: In addition, FINRA is considering requiring firms to reflect synthetic short positions in short interest reports. For example, enhanced short interest reporting could include synthetic short positions achieved through the sale of a call option and purchase of a put option (where the options have the same strike price and expiration month) or through other strategies.
I think all reporting of shares shorts etc should be reported on a daily bases to all with alot more emphasis on stoping manipulation, including making dark pools ilegal and getting rid of them, also making fines more appropriate to the crime instead of pocket money fines, I ve been involved in the US stock market for a year now and all I ve seen is market manipulation which should be against the law, when I can take my money out off the US markets I will and never invest in them again
I want in depth reports on short positions for any and every stock on the market. I also want reports on how many of those short positions are on loan as well as the strike numbers for each individual option. Secondly, short sellers (mainly institutions) should absolutely not be able to hold MASSIVE uncovered short options. They should be required to have covered puts before placing any puts.
All I want is FARE TRADING. Please. Open and FARE…
SSr is a joke.... no one is watching. SHorts should be reported like longs, sales, purchases, options, Why would we leave one single loophole open? Markets need transparency, or we stop trusting them, and bye bye retail, bye bye 401ks, bye bye most Americans....No one is too big to fail. No one is too small to succeed. This is the American Way... forsake that, and this country is [REDACTED]
Rule 1. All short sale shall be reported to finra by end of each settlement day. Rule 2. Finra shall make public report the day to day short sale by end of settlement day or the trading week. Rule 3. All unused loaned shares shall be reported to finra by end of settlement day. Rule 4. Finra shall make public the outstanding unused loaned share by end of settlement day of a trading week. Rule 5. All threshold securities sho regulation shall be reported daily with full accounting of fail to deliver end by end of settlement day. Rule 6.
Please fix the fixed market.