Johnathan Schumacher Comment On Regulatory Notice 21-19
Johnathan Schumacher
N/A
Predatory naked short selling is the bane of healthy markets in this age. The tricks these funds use to hide these positions are unacceptable and frankly just plain cheating. SI reports are basically useless as all a company need do is simply report false data and pay a measly fine. There are too many holes in this ship and it is quickly filling with water. FINRA is largely toothless to stop this as the fines you hand out are minuscule in comparison to profits. All you are doing is taking your cut, the fines you give out need a few more zeroes before it hurts. As is, your organization is largely useless. If you don’t start handing out much larger fines it will stay that way, regardless of how complex your rules are.
Johnathan Schumacher Comment On Regulatory Notice 21-19
Predatory naked short selling is the bane of healthy markets in this age. The tricks these funds use to hide these positions are unacceptable and frankly just plain cheating. SI reports are basically useless as all a company need do is simply report false data and pay a measly fine. There are too many holes in this ship and it is quickly filling with water. FINRA is largely toothless to stop this as the fines you hand out are minuscule in comparison to profits. All you are doing is taking your cut, the fines you give out need a few more zeroes before it hurts. As is, your organization is largely useless. If you don’t start handing out much larger fines it will stay that way, regardless of how complex your rules are.