I'd like to see the ability to hide naked shorts in options taken away, as well as meaningful penalties for breaking rules (fines as a percentage of valuation, turnover of profits made in such a way, etc.). It would also be nice if the dark pools weren't watched over by people with gross conflict of interest. Finally, some actual oversight of shorting would be good (no more self reporting short interest, faster turnaround on that reporting, an arm to deal specifically with audits of short positions, harsher penalties for FTDs).
Justin Harmon Comment On Regulatory Notice 21-19
I'd like to see the ability to hide naked shorts in options taken away, as well as meaningful penalties for breaking rules (fines as a percentage of valuation, turnover of profits made in such a way, etc.). It would also be nice if the dark pools weren't watched over by people with gross conflict of interest. Finally, some actual oversight of shorting would be good (no more self reporting short interest, faster turnaround on that reporting, an arm to deal specifically with audits of short positions, harsher penalties for FTDs).