More oversight and transparency is needed for short interest, options, and derivative products. It is not acceptable that there is a maximum threshold for short interest set at 140% where in actuality it could be much much higher. It also appears that there is no enforcement of false reporting. There is evidence that Citadel has call option contract out larger than shares existed while retail already holds a significant portion of that float. We have also noticed a lack of enforcement and paltry fines for offenders. When the fines are less than the cost of the trade per share in the rare times that the laws are enforced, it is hard to have confidence in the regulatory bodies.
Anonymous-TC Comment On Regulatory Notice 21-19
More oversight and transparency is needed for short interest, options, and derivative products. It is not acceptable that there is a maximum threshold for short interest set at 140% where in actuality it could be much much higher. It also appears that there is no enforcement of false reporting. There is evidence that Citadel has call option contract out larger than shares existed while retail already holds a significant portion of that float. We have also noticed a lack of enforcement and paltry fines for offenders. When the fines are less than the cost of the trade per share in the rare times that the laws are enforced, it is hard to have confidence in the regulatory bodies.