I'm writing to request more transparency, fairness and accountability in our financial markets, as all of us rely on our regulatory entities for that assurance. There are some things that are of particular interest to me: 1. Transparency of Buy/Sell orders in the market as a whole, including but not limited to OTC/ATS off market trading. 2. Information market makers have when it comes to filing for a short position should be made known to everyone, including retail traders. 3. Short positions should be covered by everyone at close of day, no more T+ non sense. 4. Short positions that became FTDs should be disclosed, name of entity that fail to comply with rules should be made public and the specifics of those trades. 5. Those that continually violate rules, including but not limited to FTD, should be not only fined 3 times the value of the positions that they FTD, but also be prohibited from engaging in any trading activity until they have covered those short positions. 6. Elimination and cessation of dark pools I sincerely hope your esteemed agency considers this feedback and moves forward with the new rules and systems put in place to assure fair and just market. Confidence in our financial markets is at stake.
Tyler Tanton Comment On Regulatory Notice 21-19
I'm writing to request more transparency, fairness and accountability in our financial markets, as all of us rely on our regulatory entities for that assurance. There are some things that are of particular interest to me: 1. Transparency of Buy/Sell orders in the market as a whole, including but not limited to OTC/ATS off market trading. 2. Information market makers have when it comes to filing for a short position should be made known to everyone, including retail traders. 3. Short positions should be covered by everyone at close of day, no more T+ non sense. 4. Short positions that became FTDs should be disclosed, name of entity that fail to comply with rules should be made public and the specifics of those trades. 5. Those that continually violate rules, including but not limited to FTD, should be not only fined 3 times the value of the positions that they FTD, but also be prohibited from engaging in any trading activity until they have covered those short positions. 6. Elimination and cessation of dark pools I sincerely hope your esteemed agency considers this feedback and moves forward with the new rules and systems put in place to assure fair and just market. Confidence in our financial markets is at stake.