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Andy Comment On Regulatory Notice 21-19

Andy
N/A

FINRA is touching on synthetics when short positions are achieved through the sale of a call option and purchase of a put option. Agreed with this but what can you all do on the synthetics via naked shorts because we know that's happening in a huge way? I like the short interest position reporting but you all need to see who and how teeth can be put into this. The reality is organizations are probably cooking their books and the numbers they're submitting are more than likely skewed in their favor. At the end of the day, we need transparancy and integrity by all who are particpating in the market. Something needs tobe done to avoing another 2008 crash and i fear that will happen sooner than we think because so many institutions are over leveraged and the retail investors are aggressively countering and trapping them.