Michael Howard Comment On Regulatory Notice 22-08
I oppose restrictions on my right to invest in public investments.
For the Public
FINRA Data provides non-commercial use of data, specifically the ability to save data views and create and manage a Bond Watchlist.
For Industry Professionals
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
For Member Firms
Firm compliance professionals can access filings and requests, run reports and submit support tickets.
I oppose restrictions on my right to invest in public investments.
Fails to deliver and short positions should be reported in 24 hours. There is no reason to allow T+2 and T+35 days for reporting.
Transparency just makes the market more fair for all parties. Its obviously needed.
The reporting should be on a day to day basis. Theres no reason this blatant fraud should be continued. We have the technology to do so and yet, the can is continually kicked down the road. Retail are tired of being screwed over. This is far from a "fair market" and the SEC is failing to do their job of protecting us. Hedge funds and MM continue to manipulate the markets, receiving but a slap on the wrist and we're stuck paying the price. Report the trades daily and allow us to get our fair shake.
Orders need to be recorded daily to help prevent the fraud going on in the market currently.
Any delays in settlement provides a wide open door for manipulation & that is exactly what we see now. Rules do not matter when there is No Enforcement!