Short positions should have to be reported immediately upon hitting the threshold list. Which as you know means FTD's are running rampant, they should be forced to cover in entirety to discourage institutions from dragging out their mistakes if they've had enough days consistently to reach the list. This would have saved them billions to date. Also Prime brokers should be required to
To Whom it May Concern, Thank you for requesting comments on this matter. I believe short interest and short sale reporting plays a major part of our current financial structure. Such a major role, that it is surprising how lax the overall rules are governing this aspect. I'm as smooth brain as they come, but I truly believe in clear and open transparency to the public is a way to help
FINRA Requests Comment on a Proposal to Publish OTC Equity Volume Executed Outside Alternative Trading Systems
I believe in transparency. Major players in this market push and pull the price of a security to profit with derivatives or push and pull with derivatives to profit of a held security. In spite of the intentional charade to act oblivious and pretend it all was just simply speculation, larger players use brute force means as an investment strategy with arguably plausible deniability. I believe the
The Anti-Money Laundering section of the 2022 Report on FINRA’s Risk Monitoring and Examination Activities (the Report) informs member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations, including (1) relevant regulatory obligations and related considerations, (2) exam findings and effective practices, and (3) additional resources.
TO: All NASD Members and Other Interested Persons
ATTN: Operations Principal, Cashier, Buy-in Personnel
EXECUTIVE SUMMARY
Last Date for Comments: October 1, 1986.
The NASD Board of Governors is circulating for comment a proposed amendment to the Uniform Practice Code, Section 59, Close-Out Procedure; Buying-in. It would require that buy-ins returned by a clearing corporation to a broker be
FINRA member firms that use Microsoft SharePoint should be aware of a critical vulnerability that affects certain versions of the web-based platform. This Cybersecurity Alert includes a link to a Microsoft Advisory describing the vulnerability as well as a recommendation to protect your firm. In addition, FINRA recommends that firms review this information with appropriate information technology and information security personnel to alert them to an ongoing threat.
It is in the public's best interest that hedge funds are NOT allowed to short, or delay communicating their shorts, or hiding them in dark pools or married puts to prevent covering. At the end of the day, it's the American people that end up paying for their dirty deeds, either by losing their companies/jobs/pensions. This is and is legal robbery!
Daily short reporting. Also Eliiminate this T+2 reporting. It allows naked short in the days between. Fines are equivalent to 100% of profits taken, if they cannot prove the profits then 100% of the revenue of the trade. Pantry fines are essentially green lights for million of dollars of profit for there illegal activities
Track each share purchased with a universal number or identifier. Shorting a share must have a high collateral requirement which should be verified. Every order should be delivered T+2 or fails mean huge penalty. Every short position should be updated with FINRA daily.
