Wayne Comment On Regulatory Notice 21-19
I want accurate short interest update everyday just like I pay for stock when I buy. Give me a fair market.
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I want accurate short interest update everyday just like I pay for stock when I buy. Give me a fair market.
Short reporting needs to be real-time, or End Of Day. The ability to Naked Short should not be allowed at any point. The people or entities shorting companies into bankruptcy should be prosecuted for doing so when illegal processes are used.
EVERY SINGLE SHARE SHOULD BE TRACKED, RECORDED AND REPORTED. How hard is this?
I already commented on this but I forgot to mention the PDT requirements, we should drop that all together. You're basically saying if you don't have 25k in your account you're not allowed to play. After you confirm someone is 18 years old or above, they are responsible for their own money, if they have extra money they wanna build by day trading it, don't restrict them unless they're underage. If the market is transparent like I suggested, it only comes down to being good or bad at trading.
A completely transparent market would allow retail traders to self teach themselves much easier. Along with an official site with all data, Picture Ortex without having to pay $500/year. Also, give us up to date information.... this T+2, T+5, T+13, T+35 stuff is nonsense in today's day and age. We have the technology to do it, so why aren't we giving current information? Creating a completely transparent market will create an environment where it will allow the good companies to thrive on their fundamentals, and show who is a better trader not who uses their money to be a better trader.
The short interest reports from ETF, Market makers, Pre Brokers, Hedge funds and all other investment institutions should be reported accurately and daily with failure to delivers and synthetic short positions covered in 2 business days.
I would like to get more frequent information on short % and and not delayed information from days past. This is ridiculous that we have to be requesting this when it should be the norm. Thank you for your consideration.
Stop allowing market makers and others to naked short sell and not be margin called at the end of a REASONABLE period- one week?- - enforce FTDs so that shorts are covered AND cancelled and make all transactions on all equities that are on the exchange and open to individual investors transparent and reported for these individual investors to have knowledge on a given equity.
I don't think the regular American shareholder can take much more of Wall Street's shenanigans. I want to participate in the market but it is apparently rigged against me. I make 50k/yr on salary actually working for a living and Wall Street tycoons and bosses want to take every last nickel I have! These people are already wealthy but it's just not enough??? This is not how it's supposed to work. I want a fair shot. That's it. Nothing more, nothing less. Thank you.
Short positions should have to be reported immediately upon hitting the threshold list. Which as you know means FTD's are running rampant, they should be forced to cover in entirety to discourage institutions from dragging out their mistakes if they've had enough days consistently to reach the list. This would have saved them billions to date. Also Prime brokers should be required to report naked shorts immediately, because well they're illegal for starters. So maybe instead, we should actually enforce that law MUCH stricter because we all know most FTD's are naked shorts.