Joel Williams Comment On Regulatory Notice 21-19
Changes that I see as needed in no particular order of import: 1. All borrowed shares should be tracked in the system and only be able to be lent out 1 time maximum. No more than 200% of the entire float at one time. Shareholders should be be paid the lending fee directly and then the broker can take out what fee they deem necessary. This transaction should be transparent to the investor and should be less than 5% or whatever interest rates are for big banks savings accounts. They are the shareholder's property and should be treated as such. 2. T+2 needs to be abolished.