FINRA, you have big name institutions that have in the past been found violating regulations on how to properly mark a short as short instead of long, how to properly report information, and how to properly manage it. In a free and transparent marketplace, every institution should have their cards on the table. If they want to invest, they should report it. If they want to short, they should report it. Naked short selling is illegal, yet reporting short positions at all is not something considered necessary? Do you seriously need a comment to point out how backwards that is? This is like buying a gun, but not being required to register it in your name and have a serial number attached to the gun.
Anonymous-RP Comment On Regulatory Notice 21-19
FINRA, you have big name institutions that have in the past been found violating regulations on how to properly mark a short as short instead of long, how to properly report information, and how to properly manage it. In a free and transparent marketplace, every institution should have their cards on the table. If they want to invest, they should report it. If they want to short, they should report it. Naked short selling is illegal, yet reporting short positions at all is not something considered necessary? Do you seriously need a comment to point out how backwards that is? This is like buying a gun, but not being required to register it in your name and have a serial number attached to the gun.