Hello i would just like to comment on how unfair it is to individual investors that market makers and hedge funds can route trades through the dark pools as they see fit with no oversight. I would suggest that you eliminate dark pools and make the fines greater than the profit hedge made from the illegal the illegal trading activity. Jail time is needed for market manipulation and short positions should be forcibly closed out if illegal market manipulation is found and trading rights of those involved should be revoked. Shorting taking place in the dark pool needs to be disclosed to the public. and if an institution buys shares in the dark pool and then dumps (sells) those same shares on the public exchanges to tank the price, this should have to be reported. Fail to Delivers should be reported to the public as well as Finra. Short interest should not be self reported. There should be a system in place where short interest is automatically reported, perhaps a computer system could be designed that tracks when a security is shorted and covered and automatically reports this back to Finra. There should be audits done to check for shorts hidden in options. The individual investor needs you, Thanks for your time.
William Males Comment On Regulatory Notice 21-19
Hello i would just like to comment on how unfair it is to individual investors that market makers and hedge funds can route trades through the dark pools as they see fit with no oversight. I would suggest that you eliminate dark pools and make the fines greater than the profit hedge made from the illegal the illegal trading activity. Jail time is needed for market manipulation and short positions should be forcibly closed out if illegal market manipulation is found and trading rights of those involved should be revoked. Shorting taking place in the dark pool needs to be disclosed to the public. and if an institution buys shares in the dark pool and then dumps (sells) those same shares on the public exchanges to tank the price, this should have to be reported. Fail to Delivers should be reported to the public as well as Finra. Short interest should not be self reported. There should be a system in place where short interest is automatically reported, perhaps a computer system could be designed that tracks when a security is shorted and covered and automatically reports this back to Finra. There should be audits done to check for shorts hidden in options. The individual investor needs you, Thanks for your time.