Comment Period Expires January 17, 1995
SUGGESTED ROUTING
Senior ManagementGovernment SecuritiesInternal AuditLegal & Compliance
Executive Summary
The Department of the Treasury (Treasury) is publishing for comment proposed amendments under the Government Securities Act of 1986 (GSA). The amendments would establish risk assessment rules for government securities broker/dealers
Short Sale Reporting must include all open short positions, such that FINRA and the public can have an accurate and complete understanding of how many shares have been sold short for a given security. Without this transparency, FINRA and SEC rules and laws will continue to be broken, without accountability and faith in the US markets, as a whole, will continue to be eroded. I submit that FINRA
Please require all institutions and bonafide market makers to report their short positions who are subject to 13(f). Real time reporting of short positions would be beneficial as well. SSR rule needs to also account for naked shares. There have been multiple cases of $gme and $amc being shorted on red candles instead of being shorted on green candles when SSR is active.
I am shocked to hear that the regulators are considering restrictions to leveraged funds. Leveraged funds are significantly safer compared to option trades and outright shorting. For example, I use TQQQ to go long and SQQQ to go short NASDAQ, instead of outright shorting NDX. Imagine amount of capital required by small investor who wants to short NDX - or QQQ for that matter - there is no better
Dear Committee, While efforts to improve transparency are appreciated, I believe there is no mention of dark pools. There needs to be more transparency on shorting going on behind the curtains. Moreover, shorting needs to be regulated. There is certainly no need to short a business if there is no evidence of foul play by the businesses. Running businesses into the ground doesn't allow fair
If you’re interested in over-the-counter (OTC) trading, you might have heard about dark pools, a type of alternative trading system (ATS) that was designed to handle large trades for institutional investors anonymously. Dark pools allow large buyers and sellers to trade large blocks of shares without causing the market to move against them.
The once a month short reports a a dis advantage to a ll traders. They can short more that 100% and we should be able to find out what the short interest is at will.
FINRA, you have big name institutions that have in the past been found violating regulations on how to properly mark a short as short instead of long, how to properly report information, and how to properly manage it. In a free and transparent marketplace, every institution should have their cards on the table. If they want to invest, they should report it. If they want to short, they should
"Synthetic Short Positions: In addition, FINRA is considering requiring firms to reflect synthetic short positions in short interest reports." This should be implemented as a daily report with no T+ days.
Short selling restrictions. They should be forced to cover all short positions weekly if not daily. Market makers and hedge funds should not have the ability to short during pre or after market while most retail investors and the apps used are shackled to not being allowed to buy. Hedge funds should have to report daily their short positions and accurately, they should not be allowed to police
