Rob Comment On Regulatory Notice 21-19
Naked shorts is illegal and fines don’t work. If a regular person goes to jail for illegal activities so should rich people. If you’re reading this you’re a regular person.
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.
Naked shorts is illegal and fines don’t work. If a regular person goes to jail for illegal activities so should rich people. If you’re reading this you’re a regular person.
Hedge funds use techniques such as naked shorting, dark pools, and other questionable techniques to transfer money from retail investors to such funds. It is of the utmost importance that there is a level playing field thus that any type of short is logged, incuding which type of short it is, who is doing this etc. And to do this on a regular basis (daily?) so there is a more level playing field. This data should be publically available.
When large investors can break the law and set up naked shorts,it's not only wrong and immoral but it shows the system can easily be manipulated by powerful corrupt hedge funds and allows them to ignore any steps the rule makers such as yourselves make,which then shows that they have you in their pockets and any fines are clearly not making any different.
The use of Darkpools to buy stock anonymously and then sell into the market is a misuse of what darkpools we’re intended for and are being used by the institutions to manipulate the stock in an unfair manner against retail investors.
changes look good, more transparency the better
Please make these changes. Having more retail investors will only help the markets. Without these changes less and less retail will invest in the market due to the playing field not being level. Transparency is needed!!
The manipulation in the market is obvious. Details come out every day that point toward market manipulation. Information has been released on previous manipulation that led to the recession in 2008 and it is obvious that no lessons were learned from that crash. Money makers are only concerned with creating enough profit through manipulation to pad themselves during these economic downturns. Retail investors are left with savings dwindling and the hopes they have for financial endeavors and retirement disappear before their eyes. It is time for someone to be held accountable.
All shares should be visible and trackable. Every share should be able to be accounted for. There should be higher accountability on naked shorting and FTDs and for those who use the illegal practice should face severe consequences.