Please stop naked short selling and increase transparency in the market. Also, eliminate dark pools.
FINRA 21-19 is a long overdue; the US has systemic risk developed under the regulatory authority of FINRA's outdated SI reporting policy. While many of the policies mentioned in Regulatory Notice 21-19 address exploitable and ineffective reporting, they also leave gaps/loopholes that could compromise its purpose. The stability of the US markets and the confidence of its global investing
FINRA 21-19 is long overdue. The US markets are not trusted given the massive class of billionaires that make the markets and conduct back-end deals to manipulate the markets along with hedgefunds. Given these players have ultimate transparency on retail investors using payment for order flow (PFOF), it's only fair that retail investors can see the daily (or per transaction) movements of
Rule 1. All short sale shall be reported to finra by end of each settlement day. Rule 2. Finra shall make public report the day to day short sale by end of settlement day or the trading week. Rule 3. All unused loaned shares shall be reported to finra by end of settlement day. Rule 4. Finra shall make public the outstanding unused loaned share by end of settlement day of a trading week. Rule 5.
We need a system with accountability and where the playing field is even. No more dark pools or shorting
Summary
FINRA has received reports about increasing numbers and sophistication of ransomware incidents. Ransomware typically involves bad actors gaining unauthorized access to firm systems and encrypting or otherwise accessing sensitive firm data or customer information, then holding that hijacked data for ransom. Some ransomware attacks have become significant threats that include theft of data
The lack transparency that Hedge funds offer is astonishing, it allows fraudulent trading of securities with impunity! Short
There are many gaps in the short interest reporting in 21-19's purpose. For a healthy and fair market, the US needs to address this.
Please close the dark pools. That and naked shorting are unfair to retail investors and the companies that are going out of business.
As a retail investor, I believe that there should definitely be reporting on short interest positions. Please make this happen!
