I agree with everything there 100% needs to be more transparency in the stock market. I believe reporting should be done daily so that it will be harder for someone to try and hide or fake their positions since they won't have time. With all the money they make and High Frequency Trading these firms do they have no reason to say reporting daily is too hard or impossible. I also recommend
What the world saw in the final week of January 2021 was the cartelization of speculators who specialize in selling short stocks and options in the American capital markets. Whether or not this association's formation was premeditated or ad hoc is irrelevant to the events that unfolded and are continuing to unfold in relation to the impending implosion, real or perceived, of the system that
The FINRA 21-19 is a long waited change in the stock market. The integrity of the US stuck market has been tarnished. So much in fact that is teders on the edge of collapse. This is partially caused by the risks surrounding short interest reporting under the regulation of FINRA. Even though FINRA 21-19 focusses on a broader spectrum of ineffective reporting, the certain gaps in the 21-19 could
Naked shorting is illegal.- Conditions need to be met by regulatory agencies to ensure it doesn't happen including federal sentences for those caught selling naked shorts. If I can’t sell you a car I don’t own than it should be just as illegal to sell shares that don;t exist. Short positions need to be reported daily by funds and market makers, and public notice needs to be reported daily on
You should issue a serial number to every legally issued share of each company. Every dollar bill has one. Why can’t shares? Each sale of every share to any investor, retail or otherwise is cataloged and registered when traded. I buy 1 share and have serial number 12345 attached to it. If my share is short sold, you now know my share of x stock at serial number 12345 has now been bought once and
Retail investors do not typically have much to say during these critical junctures in financial history, but given the recent tumultuous events of the last year, and the potential systematic failures that can be eliminated by 21-19, I felt the need to lend my voice to the effort. Regardless of the viability of short selling as a legitimate investment strategy, the inefficacies introduced by short
Thank you for the opportunity to comment on the proposed changes to "Complex Products" like L&I Funds, etc. Apparently once again the government thinks that all Americans are idiots. Concern that investors may be "confused" by "complex products" - I find this attitude highly offensive. I would very much prefer that you leave
Good Afternoon, I saw you are looking for comments on 21-19, regarding short positions. As I see it, the current US market is full of nothing but fraud, with the regulatory agencies being complicit. They are complicit through their complacency, with years of unchecked fraud and market manipulation through naked short selling by large hedge funds like Citadel and Susquehanna being allowed to
With all of the technology today short sale positions should be reported daily. There’s no way you can tell me that we can put a rover or Mars but can’t count shares of stock.
I would like to see daily short interest reported with one hundred percent transparency. Not self reported with omissions, so that we can understand natural price movent in stocks without manipulation.
