Charles McChargue Comment On Regulatory Notice 21-19
I want more transparency and greater reporting. I also want more regulation and action by regulatory agencies regarding the coverage requirements related to short interest and FTD.
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I want more transparency and greater reporting. I also want more regulation and action by regulatory agencies regarding the coverage requirements related to short interest and FTD.
Let's make data free for everyone or at least publicly funded and have as much data as possible in real time I mean cmon sports have been able to provide real time data for a long time I'm sure finra is at least as competent as the NFL or even the NHL
-Short positions should be reported on 13F's just like any other positions. -13F's should be updated daily. -Huge penalties for breaking the rules should be strictly enforced. The penalty should be at least double whatever the institution made from breaking the rule. If you continue to fine at an insignificant rate compared to the gains achieved by breaking the rules you are simply taking a cut of the illicit activity. The punishment must fit the crime to be an effective deterrent.
For the past several years, FINRA has encouraged firms to keep their risk monitoring analyst informed if the firm, or its associated persons or affiliates, engaged, or intended to engage, in activities related to digital assets, including digital assets that are non-securities.1 FINRA appreciates members’ cooperation with this request and is encouraging firms to continue to keep their risk monitoring analyst abreast of their activities related to digital assets on an ongoing basis.
Please, in the name of all that is good and holy, I institute more frequent public reporting of short positions. Please make these public reports far more detailed. Retail investors are begging For your help. Please create accountability and ensure a safe and fair market. As it stands now, it is an affront to the American public and favors those who avoid paying taxes. How is this fair and why is this allowed to continue if FINRA’s watch?
On my journey to investing in the stock market and am finding out that groups of Hedge funds have been manipulating stocks for their own and client’s personal gain. Where shorting a stock can be useful to help companies provide liquidity and entice investors, shorting companies to bankruptcy is not. In fact to bankrupt a company in order to make naked shorts disappear (and hence any accountability ) and to eliminate capital gains tax is just deplorable. Hedge funds including other Market Makers have been using loopholes in the process of shorting and bankrupting companies.
Dark Pools need to be gone, if the market is fear and fair. Where is the transparency? Short Sale Restrictions must be enforced, currently it’s a joke. Failure To Deliver must be fully enforced. If I sell something I don’t deliver the items but I keep the money, that’s stealing! Currently your rules are joke. No retail investor benefits from your rules if they are no fully enforced. If I drink and drive and the police don’t do there job, then there’s no reason for a DUI law. The same applies to your establishment, if you have rules and don’t enforce them, why have the rules?
Shouldn’t have to say it: Citadel mass naked shorting… criminal Dark pool manipulation of orders..criminal This is 3rd world activity Let’s legitimately address this
Finra needs to fine those manipulating the rules to make more profit that the fine costs. Manipulators need to pay greater than the profits of the manipulation. Because where do their profits come from? Stealing from retail and retirement. And finra is complicit. So get ready to lose it all when GameStop leaves and paves the way to get away from the thievery that you are a part of. Wall Street. It’s going down. I’m telling timber.
I am a retail investor. I have invested in AMC. Other than buying a few shares of Apple and Disney stock I have only played in mutual funds and mostly in my 401k. I invested in AMC on June 1 2021. I am a CPA. I am very frustrated with what appears to be market manipulation to force the stock price down. The hedge funds appeared to take a position as far back as January 1 2021 to put AMC out of business and capture tons of profits.