Technology is at a point where reporting times such as the current T+2 settlement is unnecessary and is being unfairly used as a tool for hedge funds and other entities to have leverage over retail investors. This can and should be transitioned to a T+0 settlement period. This modern world can transmit and receive data almost instantaneously and we should use this to help give the average investor a more level playing field. I fear that if regulatory bodies do not start making serious changes, the United States economy is in serious jeopardy. The entities abusing the market need to be held accountable. Making short interest and other information more available is a step in the right direction.
Daniel W Comment On Regulatory Notice 21-19
Technology is at a point where reporting times such as the current T+2 settlement is unnecessary and is being unfairly used as a tool for hedge funds and other entities to have leverage over retail investors. This can and should be transitioned to a T+0 settlement period. This modern world can transmit and receive data almost instantaneously and we should use this to help give the average investor a more level playing field. I fear that if regulatory bodies do not start making serious changes, the United States economy is in serious jeopardy. The entities abusing the market need to be held accountable. Making short interest and other information more available is a step in the right direction.