ALL shorts positions must be made public to curb illegal abusive naked short selling. This proposal doesn't go far enough to prevent this practice; for the majority of financial institutions, fines are merely the cost of doing business and well-worth it. Illegal naked shorting is rampant, widespread, and well-known to the public despite FINRA's continued inaction. Do better. I say this as someone who has also worked at a regulatory agency on behalf of the public: you're an embarrassment to all of us.

What is the point of a regulatory authority if not to enforce rules and protect the consumer? Rules are made for the betterment of society, not as a way to placate the masses of thinly veiled corruption. The best time for action was before 2008. The second best time is right now. Enough is enough.

They are hiding over 100 million fake shares in puts in two forms in Brazil. The data for this popped up on a Bloomberg terminal. This is part of the problem, they create fake shares and hide them in puts. Beyond this, if you really would like a fair market we need to have short interest accountability and transparency. They are so over leveraged it is going to collapse the economy as evidenced by NSCC 010

Serialize ALL shares of a stock with block chain. No more synthetic shares and doubles/triple lending etc. They can no longer complain that its tip expensive - it's a fraction of what they're paying in short interest to cover their asses and kick the can down the road. They've created monster - Tame it for the future with blockchain.... - Also - Punish the ones who are naked shorting and intentionally manipulating the price of a stock using shorts and synthetics with JAIL TIME and suspension from trading for the company.