The traction this GME/AMC saga has gained will continue. It is in the best interest of FINRA to increase accountability for short interest, if a few market makers have to power to shift stock prices then where has the free market gone? Cellar Boxing is a form of manipulation hedge funds can use to bankrupt and profit (without taxes) what may become great companies. Please require reporting of any and all short positions in AT LEAST a 24 hour time frame. If this is allowed to continue, America will drown in its own greed. For once be the good guys, its glaringly obvious that there is little oversight.
Kevin Wagner Comment On Regulatory Notice 21-19
The traction this GME/AMC saga has gained will continue. It is in the best interest of FINRA to increase accountability for short interest, if a few market makers have to power to shift stock prices then where has the free market gone? Cellar Boxing is a form of manipulation hedge funds can use to bankrupt and profit (without taxes) what may become great companies. Please require reporting of any and all short positions in AT LEAST a 24 hour time frame. If this is allowed to continue, America will drown in its own greed. For once be the good guys, its glaringly obvious that there is little oversight.