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Michael Keller Comment On Regulatory Notice 21-19

Michael Keller
N/A

Naked shorting is illegal.- Conditions need to be met by regulatory agencies to ensure it doesn't happen including federal sentences for those caught selling naked shorts. If I can’t sell you a car I don’t own than it should be just as illegal to sell shares that don;t exist. Short positions need to be reported daily by funds and market makers, and public notice needs to be reported daily on a public website for that purpose, for all holdings and companies in the market. Audits need to happen by regulatory agencies to ensure shorts and FTDs are not being hidden in options. Punishments need to be severe enough to ensure it doesn't continue, and in a timely manner. Large hedgefunds and Market Makers are run by the same company. They need to be broken up. High frequency low volume trades done in dark pools are being used to influence stock pricing. This market manipulation needs to be clamped down on, enforced, and punished with heavy fines.