Benjamin Glider Comment On Regulatory Notice 21-19
Benjamin Glider
APTA
Short interest reporting needs to be completely overhauled if we want to stay the leading market in the financial world. The current self reporting approach is laughable, and the fines for "misreporting", or what I would call lying and stealing, are a cost of doing business instead of a punishment. We have the technology to track short positions like Japan is doing with Blockchain which prevents shares being loaned naked and rehypothecated multiple times and I believe that is where our market should go towards. We cannot have another situation like GME and AMC happen again. The entire world is watching for the outcome of these events and will be judging your actions.
Benjamin Glider Comment On Regulatory Notice 21-19
Short interest reporting needs to be completely overhauled if we want to stay the leading market in the financial world. The current self reporting approach is laughable, and the fines for "misreporting", or what I would call lying and stealing, are a cost of doing business instead of a punishment. We have the technology to track short positions like Japan is doing with Blockchain which prevents shares being loaned naked and rehypothecated multiple times and I believe that is where our market should go towards. We cannot have another situation like GME and AMC happen again. The entire world is watching for the outcome of these events and will be judging your actions.