To Whom it May Concern, Thank you for requesting comments on this matter. I believe short interest and short sale reporting plays a major part of our current financial structure. Such a major role, that it is surprising how lax the overall rules are governing this aspect. I'm as smooth brain as they come, but I truly believe in clear and open transparency to the public is a way to help regulate the market. How can we say this is a free and fair market when we allow short interest to not be reported properly or timely? Or when we have fines for misreporting and lack of reporting that is miniscule in proportion to the profit that was made by committing these acts? Why do you allow market information to hide behind paywalls instead of making these positions public? If a fine is the punishment for a crime, then it only exist then the law only exist if you're poor, or in this case retail. As opposed to the major players FINRA regulates. If my bank can instantly cancel a transaction if I do not have the appropriate funds, then there should be no reason positions are not reported to FINRA on a daily basis instead of bi-monthly. Thanks for taking the time to read these comments.
Tendie Mahn Comment On Regulatory Notice 21-19
To Whom it May Concern, Thank you for requesting comments on this matter. I believe short interest and short sale reporting plays a major part of our current financial structure. Such a major role, that it is surprising how lax the overall rules are governing this aspect. I'm as smooth brain as they come, but I truly believe in clear and open transparency to the public is a way to help regulate the market. How can we say this is a free and fair market when we allow short interest to not be reported properly or timely? Or when we have fines for misreporting and lack of reporting that is miniscule in proportion to the profit that was made by committing these acts? Why do you allow market information to hide behind paywalls instead of making these positions public? If a fine is the punishment for a crime, then it only exist then the law only exist if you're poor, or in this case retail. As opposed to the major players FINRA regulates. If my bank can instantly cancel a transaction if I do not have the appropriate funds, then there should be no reason positions are not reported to FINRA on a daily basis instead of bi-monthly. Thanks for taking the time to read these comments.