Anonymous-S Comment On Regulatory Notice 21-19
agree
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I have been in the market for almost 5 years now, but really started this year to learn the ins and outs of the so called “free” market. I’ve never seen such negligence by MM, Hedge funds, and the sec. yes my own government has utterly let me down. What are actual numbers on short interest of so called meme stocks. How does upwards of 60% go through dark pools that I have zero knowledge of. This is the opposite of transparency and I’m sock of it. Make the government/market work for everyone or lose millions of investors who trusted the “free market” they claim to govern.
Dear FINRA Staff, It seems to me that Citadel (including some of its subsidiaries) is taking advantage of its status as a market maker and at the same time as a hedge fund with exceptionally high short interest in AMC (and also in Gamestop). Based on the data available through fintel.io, Ortex and other sources, it seems they are manipulating prices in their favor. For me, the assumption is close that in this case also strong naked short selling is the order of the day. This is an imminent disadvantage for me as a retail investor.
List the institutions that are short and how many shares? Report the amount of shares shorted on each transaction.
I support this effort to improve the accuracy, requirements, and meaning behind the short interest metric. A more expansive reporting requirement that captures synthetic short positions would allow FINRA to be better able to understand market participants’ short sale-related activity. As synthetic short positions provide equivalent exposure, information on them may also provide investors and other market participants with similarly useful information on negative sentiment.
Accurate reporting with proof instead of an honor system. No more wholesale brokerages that run shares through dark pools to aide short positions. Each share sold once with serial number as proof. No naked shorting is permitted, but it is still happening, so why are the perpetrators allowed to still participate in the market? No mislabeling shorts as longs. Enforce covering of short positions by a set date. Inform the public where shares are being borrowed from. Criminal charges instead of fines because the public is losing trust in the market and banking systems.