Proposals look great and I'm in agreement with all as they stand. Further comments: There's no reason why in a fast digital age reporting can't be daily, providing the most up to date information to everyone. Addition of synthetic shorts is a very welcome one. Further, there is speculation derivatives can be used in a way to make it appear a long position has been taken to cover a short position when in reality that long position is cancelled out by a derivative with a future expectation date. Effectively hiding the short position. If someone could be added to account for the derivative too in order to close that loophole that would be fantastic.
Paul Carmon Comment On Regulatory Notice 21-19
Proposals look great and I'm in agreement with all as they stand. Further comments: There's no reason why in a fast digital age reporting can't be daily, providing the most up to date information to everyone. Addition of synthetic shorts is a very welcome one. Further, there is speculation derivatives can be used in a way to make it appear a long position has been taken to cover a short position when in reality that long position is cancelled out by a derivative with a future expectation date. Effectively hiding the short position. If someone could be added to account for the derivative too in order to close that loophole that would be fantastic.