Kenneth V Lahr Comment On Regulatory Notice 21-19
Dark pools, naked shorting, and lack of transparency makes retail investors AROUND THE WORLD lose confidence in US markets. If I can track the fraud why can't you. DO YOUR JOB
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Dark pools, naked shorting, and lack of transparency makes retail investors AROUND THE WORLD lose confidence in US markets. If I can track the fraud why can't you. DO YOUR JOB
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Dear Finra, I am writing to you because of the corruption being held in wall street by Hedge funds such as Citadel. CITADEL who carry the order flows for the excahange amounting nearly to 40% to 47%. This data was specified by Ken griffin himself when he was asked to testify in front of Congressmen in which he was accused of performing manipulative practices regarding Game stop by restricting Trade especially of BUY orders. This whole act was done intentionally.
First of all, stop pretending like Finra doesn't know how corrupt and rigged the Stock Market is especially given the fact that Finra facilitates and encourages such behavior at the expense of the retail investor. Yes, Finra facilitates and encourages such behavior contrary to the statements made on their "About" page which I will provide some examples as proof. 1) Fail-to-deliver Data: -Data is old and useless by the time the Investor sees it. The first half of a given month is available at the end of the month.
We demand transparency with investment firms and funds surrounding the various fees that'll be charge. We need price transparency which is all information regarding a stock's price (such as its bid prices, ask prices, and trading quantities) is available to retail traders. We also Need the T-2 settlement to be reduced to under 1 day. Please give us a fighting chance in the market. ITS TIME FOR A CHANGE FINRA.
I don’t want to see fines for illegal practices. I want to see prosecutions and jail time. Take naked shorting. Companies found to be manipulating stocks and printing shares should be forced to cover all short positions immediately. Failure to do so should result in prison time. If I, as a citizen, counterfeit a dollar, I go to prison. If I counterfeit a share I should receive the same punishment. Now Imagine if my counterfeit dollar landed me with a 10c fine instead of a prosecution. I could continue to counterfeit dollars every day, albeit with the state taking a 10% cut.
I would like to see all illegally produced shares be made to cover immediately. Also, the dark pool platforms must be removed from the market. Thank you
I do not want to see companies fined for breaking rules and laws. For instance, if a company is found to be naked shorting, it should be forced to close all short positions immediately. Failure to do so should result in prison time for senior staff. If I counterfeit a dollar I go to prison. The same should apply if I counterfeit a share. If law enforcement took a cut of my counterfeit dollar, they would go to prison too.
Albin SWE In a free and fair market there should be absolute transparency. The number of shares shorted should be available in real time during trading hours. No more dark pool trading. Every single share sold should be reported and able to be located at any time. Market manipulation is rampant and hurting retail investors. Get rid of algo trading back and forth. Naked shorts and FTDs should carry heavier penalties and and be forced to close their positions much sooner or face total trading restrictions.
Short interest should be live data. There is no excuse in this day and age for up to date information available at the touch of a button. The fact we have to wait 2 weeks for this and the information is already 2 weeks out of date just screams that there are underhanded things afoot. Large institutions and hedge funds have an unfair advantage over retailers as they have better access to more data and can make decisions based off insights that we have no exposure to. Level the playing field by making all data instantly accessible to all.