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Matt Shonk Comment On Regulatory Notice 21-19

Matt Shonk
N/A

*Short positions should be reported daily. I feel that this will provide more insight to the existence of Naked Shorts. *Synthetic Short Positions should most assuredly be reported. *Short volume should be capped and the cap kept low to allow for organic and transparent trading and limit the opportunity to manipulate the stock. *Dark pools should no longer be allowed. *Days on loan should be reduced or be reflected by a firms liquidity, and if a firm has low to no liquidity no borrowing is allowed. *Punishments for violations or misrepresentations of reported date; 1st offense = warning. 2nd offense = fines 3rd offense = month suspension from all markets and trading and fines 4th offense = 6 month suspension from all markets and trading and fines 5th offense = Firm dissolution and criminal charges for individuals