No naked shorts. More frequently posted information on short sales
Short positions should be reported daily along with short interest.
(a) Reportable TransactionsMembers shall comply with the Rule 7200A Series when reporting transactions to the System, including executions of less than one round lot if those executions are to be compared and locked-in. All trades that are reportable transactions will be processed pursuant to an effective transaction reporting plan. Trades that are not already locked-in trades will be
Short selling is an unnecessary practice and should be completely illegal. Blah blah blah “it prevents muh bubble”. [REDACTED]. We’re in a bubble already. The entire market is a sham to funnel money from poor people into the hands of [REDACTED] bankers and techno oligarchs who want to enslave us. Short selling is basically the equivalent of a [REDACTED] light switch. All short sellers should be
Summary
FINRA has amended, with immediate effectiveness, the provisions of FINRA Rule 2251 regarding rates of reimbursement for expenses incurred in processing and forwarding proxy and other issuer-related materials.1 As specified in more detail below, the amendments apply the notice and access fees set forth under the rule to the distribution of investment company shareholder reports
The market has officially become a criminal enterprise; One that you've left completely unchecked, and penalized with fines that are relative pocket-change to MMs, BDs, etc., which are pure window dressing. If you actually care to fix this, you can start by honoring the spirit of the free market with real transparency: - Short positions reported in real time. If 3rd party services are
All short positions, including naked short positions created as part of bona fide market making activities, should be created on a lit exchange and reported in their entirety. The term "bona fide market making activity" should be defined by the regulator very specifically. The purpose of creating a naked short position in market making is to give an IOU for that share, and then to
Make them report their short interest and any changes in that short interest!
There is no need for FINRA to deny or block regular investors from investing in leveraged funds or complex products. I have been investing in them for years with no issues. The only thing FINRA should do is make illegal "naked" shorting of securities, commodities, or bonds. Naked shorting only serves the purpose of taking companies down or destroying commodities prices. Why this was
Executive Summary
The purpose of this Election Notice is to notify FINRA small firm members of the distribution of ballots to elect one New York Region representative to the Small Firm Advisory Committee (SFAC). FINRA small firm members1 in the New York Region as of the close of business on Friday, October 21, 2022, are eligible to vote in these elections.
Ballots are due by Wednesday
