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Derrikk Ray Comment On Regulatory Notice 21-19

Derrikk Ray
N/A

While these increased reporting requirements around the currently broadly abused short selling practices in the stock market (including naked shorting, mis-reporting longs as shorts, re-hypothecated shares, married puts/calls, and fails to deliver) are a step in the right direction, the proposed changes do not go far enough to provide transparency and fairness to the public. Please consider providing all of this data to the public - the number of settled legal cases around predatory short selling (market manipulation) by major market makers, brokers, hedge funds, and banks in the past 2 decades show that it is an area ripe with fraud, with insufficient regulation and especially, insufficient transparency to the public. Fraud exists in darkness and secrecy... it is far past time to shine a light on this.