Transparency in every corner of financial reporting is REQUIRED... NO EXCEPTIONS! Any changes within short sale reporting should spread more transparency and penalties for inaccuracies whether, intentional or not should be heightened to maximum. Financial white collar crimes are not taken serious enough
Transparency in the market and frequent monitoring of naked shorting. Start enforcing the rules we already have and the fines need to be steep enough to incentivize the Hedge Funds and other large investors to stop with the illegal activity. The fines need to be in the 10's or 100's of millions of dollars.
Transparency in the market and frequent monitoring of naked shorting. Start enforcing the rules we already have and the fines need to be steep enough to incentivize the Hedge Funds and other large investors to stop with the illegal activity. The fines need to be in the 10's or 100's of millions of dollars.
On penalties - Penalties should not just be monetary but should include jail time. HF's and short sellers are no longer dissuaded to stop illegal activities, such as incorrect/inaccurate reporting and creating synthetic shares, because with the money they earn through illegal means, they are able to pay fines.
Transparency in the market and frequent monitoring of naked shorting. Start enforcing the rules we already have and the fines need to be steep enough to incentivize the Hedge Funds and other large investors to stop with the illegal activity. The fines need to be in the 10's or 100's of millions of dollars.
Dear Madam or Sir, I support your proposal on the reporting of short sales. This hopefully makes the market a bit more transparent. Unfortunately, the market is predominantly run by hedge funds. My hope is in your hands. Kind regards from Germany Birger Christan
Executive Summary
NASD Regulation, Inc. (NASD Regulation) recently has observed a correlation between sharp increases in the volume of electronic messages relating to certain low-priced securities and dramatic increases in the price, volatility, and volume of these securities. Often, these messages are sent without attribution to a large, undifferentiated universe of Internet or on-line
Summary
FINRA is soliciting comment on a proposal to amend Rule 6730 to reduce the Trade Reporting and Compliance Engine (TRACE) trade reporting timeframe for transactions in all TRACE-Eligible Securities that currently are subject to a 15-minute reporting timeframe. Specifically, members would be required to submit a report to TRACE as soon as practicable (as is currently the case), but no
Investments are risky business, so the investors must face it or they should leave this field. In this regard, investors should know best how to take care of themselves. In the proposal, the complex products and options are defined more riskier, no matter what which I can’t agree for two reasons.
The first, when talking investment risk, we need to have a benchmark. In equity market which is the
I support these modifications. I believe that minimizing the reporting gap will limit some types of short selling abuse and market manipulation. Hourly synchronized aggregation and reporting of this data is possible with modern computing and would limit the gray zones in which HFT’s can exploit informational lag.
