It seems to me, and many others from reading comments, that the short sale reporting features are very lacking in up to date data and it seems the delay is used to protect those whom are abusing the system. The OTC non-ATS trading system seems to be another area that is wildly abused by market manipulators and needs to have a complete overhaul, if not completely done away with. It appears that short selling was originally done as a method to increase activity in the market and allowed traders the ability to invest in stocks that didn’t move very much and this helped to move stock prices higher in the long run. But over time abuse has taken place by companies that have been given too much power and go without the same checks and balances that the sarbanes-Oxley rules gave validity and integrity to the free market system. These companies have been given power to act as hedge funds and clearing corporations which over time has given them a distinct advantage in seeing market trends and to also participate in market manipulation. Too much power has always historically trended toward corruption. That is the entire goal of the free market system to abolish these bad actors and to instill confidence that the market is a free and fair institution where people of all economic levels and backgrounds feel compelled to invest their money because of the equal and level playing field. But once again the market has found itself being controlled by mega huge corporations with too much control and power and the ability to not only manipulate the market but to also manipulate the reported transactions they are using to do so. Short selling needs to be grossly limited from the levels it exists in the market today, if not abolished all together. And any transactions need to be immediately reported and with full transactional transparency to resist market manipulation from happening as it can be easily seen and prosecuted.
Jay A Comment On Regulatory Notice 21-19
It seems to me, and many others from reading comments, that the short sale reporting features are very lacking in up to date data and it seems the delay is used to protect those whom are abusing the system. The OTC non-ATS trading system seems to be another area that is wildly abused by market manipulators and needs to have a complete overhaul, if not completely done away with. It appears that short selling was originally done as a method to increase activity in the market and allowed traders the ability to invest in stocks that didn’t move very much and this helped to move stock prices higher in the long run. But over time abuse has taken place by companies that have been given too much power and go without the same checks and balances that the sarbanes-Oxley rules gave validity and integrity to the free market system. These companies have been given power to act as hedge funds and clearing corporations which over time has given them a distinct advantage in seeing market trends and to also participate in market manipulation. Too much power has always historically trended toward corruption. That is the entire goal of the free market system to abolish these bad actors and to instill confidence that the market is a free and fair institution where people of all economic levels and backgrounds feel compelled to invest their money because of the equal and level playing field. But once again the market has found itself being controlled by mega huge corporations with too much control and power and the ability to not only manipulate the market but to also manipulate the reported transactions they are using to do so. Short selling needs to be grossly limited from the levels it exists in the market today, if not abolished all together. And any transactions need to be immediately reported and with full transactional transparency to resist market manipulation from happening as it can be easily seen and prosecuted.