Every share should be tracked with unique identifier. Every share should be located and lent only once. Every order should be delivered T+2 or fails mean 10x cost penalty. Every short position should be updated publicly with FINRA daily. Shares should not be allowed to be purchased on a dark pool and then sold on the open exchange.
TGM Comment On Regulatory Notice 21-19
Every share should be tracked with unique identifier. Every share should be located and lent only once. Every order should be delivered T+2 or fails mean 10x cost penalty. Every short position should be updated publicly with FINRA daily. Shares should not be allowed to be purchased on a dark pool and then sold on the open exchange.