* Dark Pools should be banned , they are being misused against retail by large players * Naked short selling can be address in 21st century by simply adding a unique identifier to each share and can be tracked for short selling. * Rules need to be enforced, cannot just have rules like SSR and nobody follows them, shares actually fall more on days of SSR * Fines should be increased 100X maybe some jail time added too * If shares can be electronically generated why can't they be settled instantly - I can transfer money from one account to another instantly and share settlement takes over 3 days * FTD fines should include ban on trading for repeat offenders
Nick Nagpal Comment On Regulatory Notice 21-19
* Dark Pools should be banned , they are being misused against retail by large players * Naked short selling can be address in 21st century by simply adding a unique identifier to each share and can be tracked for short selling. * Rules need to be enforced, cannot just have rules like SSR and nobody follows them, shares actually fall more on days of SSR * Fines should be increased 100X maybe some jail time added too * If shares can be electronically generated why can't they be settled instantly - I can transfer money from one account to another instantly and share settlement takes over 3 days * FTD fines should include ban on trading for repeat offenders