Evan Picow Comment On Regulatory Notice 21-19
Stop enabling the short selling fraud so that you may get a job after your tenure. Thanks, evan
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Stop enabling the short selling fraud so that you may get a job after your tenure. Thanks, evan
1. Disclosures of short positions by institutions and hedge funds on a shorter time window (preferably daily) 2. Much heftier fines for participating in the illegal practice of naked shorting 3. More regulations of dark pools and the creation of synthetics shares 4. Daily reports on margin and those who are over leveraged in a short position 5. More up to date reporting and transparency in regards to short selling
I simply want an open, free market for trade and investment. It is not, and entities such as the SEC and FINRA allow it to be in the favor of hedgefunds and investment firms with large amounts of capital. Everyone should have to trade the same way, on the open market, under the same terms. Same time for the act of sale to transact. Shorting companies shoud be heavily regulated and absolutely have a share behind the position. Naked shorting is the same as counterfeit money. MY GOVERNMENT IS ALLOWING ME TO BE ROBBED, IN PLAIN SIGHT. IT IS NOT BEING ADDRESSED.
I Definitely like the idea of firms reports on there shorts reflecting their synthetic shorts as well and think that’s crucial to market transparency.
Short interest reporting by all of these entities should have complete transparency. Failures to report on possible FTD’s, never delivering those shares or marking short positions as long should result in repercussions equal to the actions. Small fines or as they can be referred “the cost of doing business” for some of these funds or entities are unacceptable. Reporting should be even more frequent as streamline the process of collecting accurate data.
I think its needs to be more transparency in the market get rid of dark pool if investors can't use it FTD needs to be more regulated and stricter naked shorting need to be addressed immediately when it happens and stock manipulation
FTDs should not exist - if said security isn't delivered, liquidation is a must at agteed upon date - no more loop holes and T-#s - And 100% transparency on short positions daily
Failure to delivers on short positions should be set in stone and enforced throughly and simply. For example, you take a short position out and there should be a time frame on when you have to return them and once that time frame is hit, THEY HAVE TO DELIVER THEM. no funny business. No borrowing more shares to cover previous ones.
I have watched the market manipulation since March on this stock. Putting on sell pressure by posting large sell orders and them disappear when they outcome is what they are wanting in the buys side. They are playing with our hard earned money and the playing field is skewed. Orders not being filled and platforms rejecting orders that match the same orders from short sellers. Enough is enough. The game is rigged and it’s time the hedge funds are no longer allowed to do business or let them fail.
We need more transparency within the market. We need to see daily reports on a specific institution's short position regarding the amount of shares they have on loan, the amount of time those shares have been borrowed, the amount gained/loss due to a short position, and the amount of IOUs/tangible shares that are being traded. This is also including trades done within the dark pool, not just the regular stock exchange which retail investors only have access to.