Skip to main content

Shawn M Reeder Comment On Regulatory Notice 21-19

Shawn M Reeder
Retail Investor

You need to increase fines for non-reporting of short positions. The current plan is not even comparable to a slap on the wrist for the large hedge funds. It would more than likely hurt them less to pay the fines than to actually report on their short positions. As for the frequency of reporting, daily with full transparency in all aspects of the market would be appreciated but impossible. Also figure out how to either stop naked shorting or at least a way to report on the amount of naked shorting that takes place.