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Samuel Museus Comment On Regulatory Notice 21-19

Samuel Museus

The information coming to light about dark pools and naked short selling is appalling, to say the least. There should be complete transparency and reporting of all short-sales (including synthetic short positions), failure to deliver, and threshold securities should be mandatory. In addition, a reduced timeframe for reporting would is advisable. Finally, engaging in naked short selling and failing to comply with expectations around transparency should be met with the harshest punishments if FINRA wants to maintain any kind of retail investor confidence in the markets.