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Regulatory Notice 21-20

Summary

FINRA warns member firms of an ongoing phishing campaign that involves fraudulent emails (see sample in Appendix) purporting to be from FINRA and using the domain name “@gateway-finra.org.” The email asks the recipient to click a link to “view request” and provide information to “complete” that request, noting that “late submission may attract penalties.”

FINRA recommends that anyone who clicked on any link or image in the email immediately notify the appropriate individuals in their firm of the incident.

Todd Hill Comment On Regulatory Notice 21-19

Short selling, when done ethically for the right reasons, provides an important market balance. However, it is obvious given events of the last several months that some entities are engaged in naked short selling and market manipulation. Because of the current lack of oversight, lack of detailed reporting, and the other obvious problems those entities are causing massive chaos. This kind of predatory stock dilution cannot be allowed.

Amy W Comment On Regulatory Notice 21-19

Hello, I wholeheartedly support FINRA's step toward a slightly more transparent system. FINRA requests comment on whether FINRA should publish on the FINRA website short interest data for all equity securities (listed and unlisted). • Yes, absolutely all short interest data should be published. FINRA requests comment on whether the potential short interest enhancements discussed above would be equally beneficial for both OTC equity securities and exchange-listed equity securities.

Anonymous-B Comment On Regulatory Notice 21-19

Hello FINRA, I saw you are looking for comments on 21-19, regarding short positions. As I see it, the current US market is full of nothing but fraud, with the regulatory agencies being complicit. They are complicit through their complacency, with years of unchecked fraud and market manipulation through naked short selling by large hedgefunds like Citadel and Susquehana being allowed to happen with impunity.The SEC and FINRA have known about this illegal counterfeiting practice for many years, with nothing being done to rectify the illegality of the market conditions.

Michael E Comment On Regulatory Notice 21-19

Recent market activity involving GameStop stock has shed light on misbehavior by hedge funds and other financial institutions involved in a practice called naked short selling. Though naked short selling was made illegal after the 2008 financial crisis, loopholes exist that allow for this practice to continue. (More details here: https://www.investopedia.com/terms/n/nakedshorting.asp). This includes fraudulent activity involving Shorts, Borrowed Shares, and Failures to Deliver.