Josh Bayne Comment On Regulatory Notice 21-19
The fines and ENFORCEMENT for naked shorting have to create enough pain to dissuade investors as a whole from performing them. Regulation must be enforced for ALL.
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The fines and ENFORCEMENT for naked shorting have to create enough pain to dissuade investors as a whole from performing them. Regulation must be enforced for ALL.
The rules around Failure to delivers (on short selling) for larger organizations (namely citadel securities and others), is giving them a way out to continue to drag down companies and squeeze out retail investors. The market does not function the way it should with the hand tipped to the market maker. The market maker is also the one funding the media outlets, may own assets in 'educational' platforms like Motley Fool, Seeking Alpha, etc.
Short interest and FTD anomalies need to be have the greatest level of transparency and strictest guidance available to the entire breadth of market participants. We should not a have a market system where by large powerful institutions can dominate trading with a flood of short sales for the purpose of extinguishing any particular company's stock and eventually forcing it in to bankruptcy.
There needs to be transparency in the market. Daily reporting of shorts. FTD’s need to be taken care of immediately. If you can short billions of dollars daily, you should be able to cover those shorts daily. Also there needs to be serious and real consequences like jail time, not a fine for these things. Oh and darkpools shouldn’t be legal
There's need to be more accountability for the blatant manipulation and illegal practices. All shorts must be covered!
Please do something about naked shorting, synthetic shares and dark pool trading. As a new retail investor it's really disheartening to realize that I'm going against hedge funds who can create naked short and synthetic shares so they can then trade them in a second set of books to manipulate the price of stocks. Please stop these illegal and immoral activities.
Regarding the stocks $AMC and $GME: There must be more transparency about short positions. There should be no self reported data from any entity, there must be a third party overseer. The loop holes regarding short positions and failed to deliver shares (FTD’s) need to be closed. These positions should be made to be paid out and the idea that hedge funds can hide positions in OTM positions or paying a small fine in comparison to the loss is absurd. The fine should be a large penalty or percentage of their position on a security.
I do not want to sound uneducated or stupid, but I think that there a lot of shady dealings going on in the stock market and I'm afraid that this will effect my portfolio. Please make all short positions be reported. Do we need dark pools? yes! but I wanna see that information too. We all want a free and fair market. I'm not here to be a financial patsy, for crying out loud gas is like 4 dollars, I need my money to grow. The market is the best opportunity for growing my money, however if investors cannot trust the price its a useless endeavor.