Short selling and rehypothecation has been used to the detriment of retail investors and is threatening to destroy the entire market structure if left unchecked. Stricter reporting of positions, including naked shorts should be happening already. Brokerage firms, market makers, and other financial institutions were never meant to have as much control over the financial markets as they currently hold. While this proposed rule would be a step in the right direction, much more needs to be done to increase transparency and improve the overall flow of the currency and information that flows through the market for ALL parties involved either directly or indirectly. - Howard Winkler
HM Winkler Comment On Regulatory Notice 21-19
Short selling and rehypothecation has been used to the detriment of retail investors and is threatening to destroy the entire market structure if left unchecked. Stricter reporting of positions, including naked shorts should be happening already. Brokerage firms, market makers, and other financial institutions were never meant to have as much control over the financial markets as they currently hold. While this proposed rule would be a step in the right direction, much more needs to be done to increase transparency and improve the overall flow of the currency and information that flows through the market for ALL parties involved either directly or indirectly. - Howard Winkler