Alexia Eroglu Comment On Regulatory Notice 21-19
Shorting as a market practice is a ridiculous concept to begin with because in no other area of a capitalist market can You borrow something that is already owned and then sell it, only to buy it back at a lower price to intentionally profit off of the original lender. That aside, self reporting clearly isn't working, and the ability for borrowed stock to be mis-marked, intentionally or otherwise, is a long standing pervasive issue. Shares need a better marking system to denote "BORROWED" and "SOLD WHILE BORROWED (shorted)" and a running tally until returned to the original lender.