A transparent and accountable market should be the lowest bar. This seems like a minimal step forward, particularly on a higher frequency and timely reporting, expanded information on account level positions, threshold securities, and ownership of synthetic shares. Please do more than consider these enhancements. I had no idea that there was financing available to cover shorts - this seems
Hello FINRA I'm a simple and uneducated ape, I'm fairly new to the market. I have seen verified data that shows companies (such as Melvin Capital and Citadel) funding media outlets to reinforce their short positions on a nearly perfect cyclical basis, I have seen people on social media paid for directly by such companies, and even worse I have companies ravage through money that wasn
I'm afraid these changes do not go nearly far enough. While additional and more timely information is certainly appreciated, I believe what we need is for all short sales to be reported similar to the availability of Level II data. That is, every short sale should have to be recorded and immediately posted with the loan terms, where the shares were loaned from, and through which market it
Hi there, thank you for reading my comment. I support all of these new rules. However, re: rule #1, I would like to see that in conjunction with rule #2, not as an alternative to it. I also believe all short interest data should be reported on a daily basis not just to FINRA but also to the public as this data is crucial to some trading strategies and I believe it is available to institutions but
FINRA Rule 1210.09 established a waiver program for eligible individuals who left a member firm to work for a foreign or domestic financial services affiliate of a member firm with FINRA. FSAWP participants will be granted a waiver of their requalification requirements, including the Securities Industry Essentials® (SIE®) Exam, upon reapplying with FINRA within a single, fixed seven-year period,
These rule changes are long overdue - public faith in equity markets represent a vital economic and strategic strength of the US and our position in global finance. There will be specific firms that lobby to oppose these rules for their own selfish near term purposes - but they are ultimately short sighted and against the public interest. Tens of millions of Americans rely on equity markets now
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Executive Summary
On September 26, 1997, the Securities and Exchange Commission (SEC) approved an amendment to the National Association of Securities Dealers, Inc. (NASD®) short sale rule to provide that a "legal" short sale can be effected at a price equal to or greater than the offer price
ALL investments in the stock market are a GAMBLE. What is the gain?? In truth, all an investor can gain over the long run is an average dividend. Since all investing is a gamble, why target JUST leveraged stocks and funds?? If you want to stop gambling, just close ALL market trading.
May 6 Revised submission: First let me say that I am a Roosevelt supporter (Teddy and FDR), not anti-government. I have traded ProFunds, which offer shorts and leverage, for about ten years. ProFunds is my favorite fund family. I do not care about leverage, but I do care about being able to short (inverse funds). I do not have an advisor or broker, and I never have or will. Common knowledge is
We should be able to choose the public investments that are right for us and our family. And public should be treated equal, public investment should be available to all of the public not just the privileged.
We should not go through any special process like passing a test before we can invest in public securities, like leveraged and inverse funds. I am using leveraged fund to gain exposure to
