Luke Sheldon Comment On Regulatory Notice 21-19
Regarding the stocks $AMC and $GME: There must be more transparency about short positions. There should be no self reported data from any entity, there must be a third party overseer. The loop holes regarding short positions and failed to deliver shares (FTD’s) need to be closed. These positions should be made to be paid out and the idea that hedge funds can hide positions in OTM positions or paying a small fine in comparison to the loss is absurd. The fine should be a large penalty or percentage of their position on a security. These tactics have been constantly used against the retail investors, companies fighting bankruptcy, and new companies. The world watching as the manipulation of these stocks, plus many others, continue to derail the confidence of the stock market as a whole.
*I did grab these words off anothers comment. But I read through and agree with everything they said.