I would like to see better enforcement of the short sale rule (SSR). There have been days where the SSR was triggered on AMC but then the next day I’ve seen multiple red candles following red candles and that goes to show that the SSR rule is not in fact being enforced because you can only short on upticks (green candles) and not continue shorting on downticks.
Dan Ganancial Comment On Regulatory Notice 21-19
I would like to see better enforcement of the short sale rule (SSR). There have been days where the SSR was triggered on AMC but then the next day I’ve seen multiple red candles following red candles and that goes to show that the SSR rule is not in fact being enforced because you can only short on upticks (green candles) and not continue shorting on downticks.