Shares need to have a traceable ID number, and shares that are shorted need to report that ID. I don't know how naked shorts get created by i do know that a stock like AMC shouldn't be shorting multi-millions of shares per day for months and months but never change SI% more than a few percent. There was one day this week there were literally 50 million shorts sold, 10% of the entire float, and SI% WENT DOWN? That's literally impossible. So prevent that. Do more than wait for the SEC to distribute fines. Naked shorting needs to be made physically impossible.
Anonymous-JD Comment On Regulatory Notice 21-19
Shares need to have a traceable ID number, and shares that are shorted need to report that ID. I don't know how naked shorts get created by i do know that a stock like AMC shouldn't be shorting multi-millions of shares per day for months and months but never change SI% more than a few percent. There was one day this week there were literally 50 million shorts sold, 10% of the entire float, and SI% WENT DOWN? That's literally impossible. So prevent that. Do more than wait for the SEC to distribute fines. Naked shorting needs to be made physically impossible.