It is my opinion, as a new investor, that clarity of information be the most important aspect of regulation. Beyond tagging each individually purchased share, there is little to no way to keep track of shares that have been shorted, and the delivery process is convoluted. Without going into specific details, and instead focusing on the motive aspects of reporting and regulation, the want and desire to actually enforce regulation such that a positive outcome for the U.S. market is attainable, is ultimately required. Rules and regulations are nothing without enforcement. They must also be all encompassing if the ultimate goal is for positive outcomes in the U.S. markets. Too often things like this Regulatory Notice leave out significant aspects that can later be taken advantage of through various loopholes, etc.. that these regulations fail to highlight and integrate into the greater purpose of the regulations. Finally, as a new retail investor, I feel at an extreme disadvantage, beyond the knowledge gap and normal learning curves. Personally, I was very reticent to enter the markets at all, despite their capability of raising wealth. Everything that has been uncovered recently in regards to $GME and short positions in general does nothing but dis-sway future investors of the U.S. stock market. Losing money on a bad investment is one thing, but to lose money because of hidden mechanics and machinations is something entirely different, and has no place in a "free market." Ultimately, confidence in the stock market needs to be rectified. Too often small investors succumb to the larger firms and funds, mostly through no fault of their own. Significant, meaningful change needs to take place or the already low level of confidence in the U.S. markets will crash. Rules and regulations are one thing that money should not influence.
Anthony Sarch Comment On Regulatory Notice 21-19
It is my opinion, as a new investor, that clarity of information be the most important aspect of regulation. Beyond tagging each individually purchased share, there is little to no way to keep track of shares that have been shorted, and the delivery process is convoluted. Without going into specific details, and instead focusing on the motive aspects of reporting and regulation, the want and desire to actually enforce regulation such that a positive outcome for the U.S. market is attainable, is ultimately required. Rules and regulations are nothing without enforcement. They must also be all encompassing if the ultimate goal is for positive outcomes in the U.S. markets. Too often things like this Regulatory Notice leave out significant aspects that can later be taken advantage of through various loopholes, etc.. that these regulations fail to highlight and integrate into the greater purpose of the regulations. Finally, as a new retail investor, I feel at an extreme disadvantage, beyond the knowledge gap and normal learning curves. Personally, I was very reticent to enter the markets at all, despite their capability of raising wealth. Everything that has been uncovered recently in regards to $GME and short positions in general does nothing but dis-sway future investors of the U.S. stock market. Losing money on a bad investment is one thing, but to lose money because of hidden mechanics and machinations is something entirely different, and has no place in a "free market." Ultimately, confidence in the stock market needs to be rectified. Too often small investors succumb to the larger firms and funds, mostly through no fault of their own. Significant, meaningful change needs to take place or the already low level of confidence in the U.S. markets will crash. Rules and regulations are one thing that money should not influence.