Mindaugas Kucinskas Comment On Regulatory Notice 21-19
In support of these changes.
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In support of these changes.
Of course these standards should be placed and enforced. There’s been a massive failure of honesty for several decades amongst institutions, and it’s time for them to finally come out into the light for once. The reward for their dishonesty is far too great to trust them on their own, and movements need to be made to regulate them more strictly and more transparently.
All short positions data should be released DAILY. THE SEC SHOULD ENFORCE THEIR ALREADY ESTABLISHED LAWS INSTEAD OF FORCING US TO HIRE LAWYERS TO GO AFTER HEDGEFUNDS THAT TRADE SHARES IN DARK POOLS. THE AMOUNT OF MARKET MANIPULATION THAT OCCURS DAILY WITH ONLY A SLAP ON THE HAND IS RIDICULOUS! MAYBE START ENFORCING MARGIN CALLS. I WOULD LOVE TO SEE CITADEL'S FINANCIALS TO SEE IF THEY HAVE THE CAPITAL TO COVER THEIR SHORT POSITIONS. STOP ALLOWING HEDGEFUNDS TO SHORT MORE THAN THE SHARES AVAILABLE.
As it stands, I see no reason why any of the bad actors will accurately mark or report their positions. Even with a condensed reporting timeline, there is no vehicle for FINRA to keep track of mismarked/illegal/synthetic/etc. short positions. Recommend that stocks released by companies should have tracking numbers so that short positions shall be required to have a one for one trace via tracking number to an actual position. Either this, or use publicly accessible blockchain technology to trace long and short positions.
I support these regulations giving more data and transparency to keep manipulation of the stock market from occuring.
I support all of these initiatives and believe that their implementation is a step in the right direction for having a truly free, transparent market.
These changes will be greatly appreciated. It is more than unfortunate knowing there have been companies which went out of business due to coordinated over shorting of their stocks. The enrichment of a few companies, much less individuals, at the expense of thousands of jobs and millions of retirements is abhorrent. I hope we see more changes to stabilize and unobfuscate the markets moving forward.
We are tired of crappy stock markets..we need transparency of the stovk market... Citadel needs be broken into tiny pieces...how can someone be hedge fund and decide what do with retailers money... Are guys being held hostage by wallstreet.. 2008 economy go down..who gets bailed out.big money...2020 economy takes a shit..guess who the first to cry again. I think america is here cater for big wealthy pple..i hope we going see serious change... the people who took ppp loans and buy Lamborghinis are beibg rounded up by irs..
Nothing is done to stop criminals from wall st from manipulation of GME and other stocks. This is insane. The US market is a shame and after GME I will never touch the US market again. These people from citadel need to go to jail not a silly fine
The new reporting has some very good aspects. The problem is that they will be enforced by fines in the tens of thousands of dollars, when breaking them will result in millions of dollars in profits. The penalties need to be strong enough to stop the actions, and should include loss of privileges as market maker, or broker.