Minh Nguyen Comment On Regulatory Notice 21-19
Naked shorts should be investigated thoroughly. FTD should be T-0.
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Naked shorts should be investigated thoroughly. FTD should be T-0.
The market should be fair for all. Not just the super rich. Since I started investing 2 years ago, I have lost all confidence in the American stock exchange and once the amc story plays out, I will likely not continue. All the data points to illegal activity, yet it continues and has done for years. I never realized of corrupt the American system is, until of late. Many people should be in jail for their part in stealing money from retail investors, and I'm shocked that they keep getting away with It's....not....fair
I’m tired of my stonks being manipulated so that Hedge Fund Billionaires can steal money from the little people.
We need more transparency for individual investors so that market manipulation stops. Please do more than this to level the playing field for all types of investors. Equalize the markets for all and provide data that we can all see so we are on the same playing field.
We must have daily reporting of short positions. We must see strict regulation of naked shorting and massive fines for abuse. We must see strict regulation of dark pools. We must see daily reporting of FTDs. I have zero faith in our financial system after witnessing the blatant manipulation perpetrated by certain hedge funds and market makers all while retail investors are blamed.
How can AMC be the largest traded stock and the price go down? You people know this is going on. It’s just the little guy again big money and egos! This isn’t fair! Everyone deserves an even playing field. Please do what’s right and stop the naked shorting. Thank you.
As a Tax professional and mathematician who has spent year working with the SEC - I am shocked. What I have witnessed, and uncovered in the past 7 months goes against our laws. The market as of 7/9 is fixed. Its a scam. You have done nothing because you are in on the scam. We have zero ability to enforce laws that give tiny fines. They get to borrow shares and ruin companies, spread lies all over the internet. Stock pumps are worse than ever. Even decent have gone bad - Seeking Alpha, Motley Fool are Hedge funds toys.
If a fine doesn’t drive change then it’s just a fee. The fine’s need to be prohibitively expensive. Leaders of organizations need to also face criminal prosecution. I feel recent blatant market manipulation demands immediate action.
How about you just make this a simple thing... Instead of financial institutions SELF-REPORTING their short positions, why not actually have a regulatory body go directly into their books, so they can properly extrapolate the information. This way you can monitor things like married puts/calls that create synthetic shorts, and be on top of them on a daily basis.
The fact that there is even 1 naked short is a Big problem. That should not be allowed period. And if violated... JAIL TIME!!!! Not a tiny fine equivalent to spare change the average person would give to a homeless person