Marcelo Erosa Comment On Regulatory Notice 21-19
There should be regulations so that the shorting is reported and naked shorting is eliminated. We are in 2021 not 2001 and we need fairness. It's time for change and we want change now!
For the Public
FINRA Data provides non-commercial use of data, specifically the ability to save data views and create and manage a Bond Watchlist.
For Industry Professionals
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
For Member Firms
Firm compliance professionals can access filings and requests, run reports and submit support tickets.
There should be regulations so that the shorting is reported and naked shorting is eliminated. We are in 2021 not 2001 and we need fairness. It's time for change and we want change now!
Both, short interest and SIPR should be open to the public daily. No exceptions! Also better regulations on short interest should be establish.
Much more transparency is needed in regards to the number of current short sale positions including percentage that have been closed on a daily basis. For far too long retail investors have been dealt a bad hand going against hedge funds who have access to all the detail we do not. Please make the markets what they are supposed to be which is free and fair. Please enforce and intensify the rules towards the billion dollar hedge funds who have had made billions on the necks of the average person. This must be addressed!
It would be beneficial to ALL investors to receive accurate data not self reporting data. The benefits of trading with all the up to date real time data not 30 days old would promote a more trustworthy and fair market. Think about it if we see data that is 30 days old and are making trades based on this we are really trading in the past and not in the current like all hedgfunds and institutions.
Creating synthetic shares is the same as counterfeiting. Put some teeth in your fines. Rigt now, the fines are so small, it's just a cost of doing business to these big companies. Do better at investigating nakedshorting and up the fines. All shorting, no matter what exchange, should be reported and made public. Get ridof dark pools. And for pete's sake, it's 2021. Why isn't settlement immediate or at least by end of business
There isn’t any transparency within market. FTDs need to be enforced without delay. NO more dark pools. And SSR should be enforced more strictly. market has become very main stream this year a lot of new investors because of meme stocks - so a lot of these problems are trending to the majority and if nothing changes I can see a lot more people will not trust market after this year.
The shorting that takes place in the dark pool should either 1- be eliminated 2- be reported for all to see, or 3- be regulated so that a company cannot trade 50% to 60% of a stock in the dark pool. And if a company has a certain amount of time to cover their short positions, that should be enforced. Not a small fine for missing deadlines. That is how the manipulation continues. SSR should also be inforced for any stock being shorted. That had clearly not been the case with AMC.
Thanks for listening! As a long time holder of AMC, it is the most blatantly obviously manipulated stock ever to be seen. Yet everyone involved is scared to dig deep nervous as to what they may find. All we ask is for a true, fair and transparent market! Thank you!
We would like transparency on all naked shorts please (AMC specifically). The hedge funds are cheating and terribly stealing from the AMC share holders. We need immediate, swift action for enforcement and regulation. It is time to reveal the great conspiracy and pay the AMC shareholders immediately. Thank you.
Over the past several month I have noticed suspicious short activity daily when watching AMC and GMC stock tickets. Daily the inflow is greater than the outflow but the price drops. It’s obvious market manipulation using synthetic shares via dark pools. Please look into this matter and make hedge funds have more transparency when reporting short positions.