Self reporting of short interest needs to stop, that is like someone self-reporting what crimes they commit and not having a background check. Short interest needs to be reported immediately through automated means (mandatory monitoring software controlled by a regulatory agency) and made available to the public immediately within an hour. If the software stops it should automatically stop all trading from that entity and a detailed report of caused the stop made public. Stopping this software on purpose should be classified as a felony and should include jail time for those involved and the BOD/Officers of the corporation. People are put in jail for stealing yet you allow it on a grand scale and do relatively nothing about it. Delivery of purchased securities needs to happen the day they were purchased. If there are FTD's the punishment should be they have to deliver 100X the purchased shares to the purchaser that same day as well as a fine of 50% of the original cost of the securities the the regulating agencies. Make them fear to break the law as the punishment is severe. Market Makers and Hedge Funds/Short Sellers should never be in the same company or have any affiliation through Parent/Child corporate relationships. Each share/security should be tracked through blockchain technology and should not be 'owned' by more than one entity at a time. Naked short selling should be punishable by a fine1000X the value of the shares payable in equal amounts to a regulatory agency and the shareholder who was damaged by the short sale by purchasing fake shares. Shares purchased in the Dark Pool should not be traded back and forth between funds at lower and lower prices to drive a stock down. Any breach of this should be punishable by a fine 1000x the value of the total trades. Punishment needs to be severe and repeated infractions should mean the forfeiture of all assets of the company, all assets of the Board Members, and all assets of the Officers of the company. This forfeiture should cascade to any parent or child corporation of the entities involved. Employees/owners/contractors/Board members or their families of Hedge Funds should never be advising the SEC/DTCC or any regulatory agency. Each of the aforementioned rules that are broken should include not only the financial punishment but a minimum of 1 year in jail for each 1000 shares or a portion thereof. The cheating has been rampant since inception and is blatantly obvious. If a regulatory agencies personnel is overlooking these rules and not enforcing them they too should go to jail for a minimum of 10 years with possibility of parole in 8 years for exceptional behavior and 0 infractions while incarcerated. We can now see more information than ever before and with the connection of the Internet the information is widely available. If you want people to trust you you have to be transparent, currently you are neither transparent or trusted.
Brian Webb Comment On Regulatory Notice 21-19
Self reporting of short interest needs to stop, that is like someone self-reporting what crimes they commit and not having a background check. Short interest needs to be reported immediately through automated means (mandatory monitoring software controlled by a regulatory agency) and made available to the public immediately within an hour. If the software stops it should automatically stop all trading from that entity and a detailed report of caused the stop made public. Stopping this software on purpose should be classified as a felony and should include jail time for those involved and the BOD/Officers of the corporation. People are put in jail for stealing yet you allow it on a grand scale and do relatively nothing about it. Delivery of purchased securities needs to happen the day they were purchased. If there are FTD's the punishment should be they have to deliver 100X the purchased shares to the purchaser that same day as well as a fine of 50% of the original cost of the securities the the regulating agencies. Make them fear to break the law as the punishment is severe. Market Makers and Hedge Funds/Short Sellers should never be in the same company or have any affiliation through Parent/Child corporate relationships. Each share/security should be tracked through blockchain technology and should not be 'owned' by more than one entity at a time. Naked short selling should be punishable by a fine1000X the value of the shares payable in equal amounts to a regulatory agency and the shareholder who was damaged by the short sale by purchasing fake shares. Shares purchased in the Dark Pool should not be traded back and forth between funds at lower and lower prices to drive a stock down. Any breach of this should be punishable by a fine 1000x the value of the total trades. Punishment needs to be severe and repeated infractions should mean the forfeiture of all assets of the company, all assets of the Board Members, and all assets of the Officers of the company. This forfeiture should cascade to any parent or child corporation of the entities involved. Employees/owners/contractors/Board members or their families of Hedge Funds should never be advising the SEC/DTCC or any regulatory agency. Each of the aforementioned rules that are broken should include not only the financial punishment but a minimum of 1 year in jail for each 1000 shares or a portion thereof. The cheating has been rampant since inception and is blatantly obvious. If a regulatory agencies personnel is overlooking these rules and not enforcing them they too should go to jail for a minimum of 10 years with possibility of parole in 8 years for exceptional behavior and 0 infractions while incarcerated. We can now see more information than ever before and with the connection of the Internet the information is widely available. If you want people to trust you you have to be transparent, currently you are neither transparent or trusted.