To whom it may concern, FINRA 21-19 will be an effective change that should've been implemented long ago to end the systemic risk involved in the current inadequate state of short-interest reporting. American and global investors are looking at the state of the American market and find themselves uncertain about the validity of the reported numbers when various short positions are unaccounted for because of an endless array of technicalities. This concern is real and should be of the utmost concern to FINRA as investors will otherwise seek more trustworthy alternatives. America should have the most complete, robust short-interest reporting and the so-called burdens that would put on the effected members should be considered part of their cost of doing business, the kind we're all expected to pay. Thank you for your time and consideration.
Jen Phillips Comment On Regulatory Notice 21-19
To whom it may concern, FINRA 21-19 will be an effective change that should've been implemented long ago to end the systemic risk involved in the current inadequate state of short-interest reporting. American and global investors are looking at the state of the American market and find themselves uncertain about the validity of the reported numbers when various short positions are unaccounted for because of an endless array of technicalities. This concern is real and should be of the utmost concern to FINRA as investors will otherwise seek more trustworthy alternatives. America should have the most complete, robust short-interest reporting and the so-called burdens that would put on the effected members should be considered part of their cost of doing business, the kind we're all expected to pay. Thank you for your time and consideration.