JD Cumpson Comment On Regulatory Notice 21-19
As a self-regulatory conglomerate it is beyond the reasoning of a "retail" investor as to why such ordinances do not already exist. The SEC itself has proclaimed naked-short selling to be a well established predatory and dangerous practice that undermines the free-market operations of millions of non-institutional investors who cannot play by the same rules. In addition to the regulatory capture here, it should be seen as important for FINRA to also enforce penalties in accordance to the scale of their misdoings.