Improved reporting for short positions is long overdue. As proven by the research done on "meme stocks" like GME and AMC there are a wide variety of ways for institutions to hide their short positions from others. Some of these include shorting of ETFs, using married puts and other options plays and simply lying with willingness to accept a small fine. The market overall needs more transparency so individual investors can make more educated decisions. If you proceed with strengthening the reporting requirements for short positions the penalties should also be more severe. $500,000 is a drop in the bucket for an institution like Citadel Securities with billions of dollars at play. For a long time its been more worthwhile to risk being caught. The penalty should match the severity of the breach in regulation. Thank you for your time.
Anonymous-SD Comment On Regulatory Notice 21-19
Improved reporting for short positions is long overdue. As proven by the research done on "meme stocks" like GME and AMC there are a wide variety of ways for institutions to hide their short positions from others. Some of these include shorting of ETFs, using married puts and other options plays and simply lying with willingness to accept a small fine. The market overall needs more transparency so individual investors can make more educated decisions. If you proceed with strengthening the reporting requirements for short positions the penalties should also be more severe. $500,000 is a drop in the bucket for an institution like Citadel Securities with billions of dollars at play. For a long time its been more worthwhile to risk being caught. The penalty should match the severity of the breach in regulation. Thank you for your time.