FINRA 21-19 is a long overdue change. The market is a nonsensical mess as a result of the outdated "regulations" and lack of proper enforcement. You've encouraged a system that promotes Loopholes. Regulatory Notice 21-19 NEEDS to be sweeping across all aspects of reporting and closing and holding and marrying or whatever other terms or strategy's relate to Shorts and Reporting and Closing. Anything less is defrauding the FREE market. This is not a BURDEN for the Market Maker, this a responsibility. Any costs to the Market Maker are warranted at whatever price to maintain honest reporting, closing positions and delivering within all timelines. Anything less is cheating the free market, specifically retail, the American People.
Loki Wen Comment On Regulatory Notice 21-19
FINRA 21-19 is a long overdue change. The market is a nonsensical mess as a result of the outdated "regulations" and lack of proper enforcement. You've encouraged a system that promotes Loopholes. Regulatory Notice 21-19 NEEDS to be sweeping across all aspects of reporting and closing and holding and marrying or whatever other terms or strategy's relate to Shorts and Reporting and Closing. Anything less is defrauding the FREE market. This is not a BURDEN for the Market Maker, this a responsibility. Any costs to the Market Maker are warranted at whatever price to maintain honest reporting, closing positions and delivering within all timelines. Anything less is cheating the free market, specifically retail, the American People.