Failure to delivers on short positions should be set in stone and enforced throughly and simply. For example, you take a short position out and there should be a time frame on when you have to return them and once that time frame is hit, THEY HAVE TO DELIVER THEM. no funny business. No borrowing more shares to cover previous ones.
It is necessary that there be confirmation when positions are closed. It is currently way too easy for holders of short positions to kick the can and hope the company that is the focus of the short goes bankrupt. You need to start supporting the action of jailing those that are responsible. Fines are nothing but a cost of doing business and everyone knows it. People need to be held accountable.
Isn't naked shorting illegal? Isn't it the SEC and FINRA's job to investigate and enforce? Please do your job. There is a go fund me page soliciting funds to pay for an attorney to investigate GME and AMC naked shorting when taxpayer dollars are already being spent to fund the SEC. Do your job. Everyone is watching.
I use the leverage etfs to cover the 3 days I would need in some cases for funds available. In other words I use a method that follows the trend and goes long and short depending current conditions. So I use a double and double inverse at 50% of my total amount to get the same effect of go full size long and short. If it was not for these funds I would not be able to do this in my small account.
Daily short reporting. None of this every 15 days. Also eliminate this T+2 reporting nonsense so they can naked short in the days between. No more illegal stuff. If we rob a bank or store WE GO TO JAIL OR PRISON. IF THEY ROB US ... They pay a $1000 fine and go back to work ... meanwhile they added millions in profit.
Stop short sales and naked short sales, If a company holds the opposite position. If the company has a half a billion in puts and half a billion in calls, it's a SCAM! STOP THE LOOPHOLES THAT ALLOWS COMPANIES, LIKE CITADEL, TO ENDLESSLY LEND THE SAME SHARES AND SELL THE SAME SHARES WITHOUT DELIVERING THE MONEY! IT IS THEFT! RETROACTIVELY HOLD THEM RESPONSIBLE!!
1) Short interest data should be published daily. 2) Loopholes for hiding short interest with deep ITM options need to be closed for accurate reporting. 3) Self-reporting of positions needs to be cross-ckecked by independent audits periodically. It is really important you upgrade the reporting and also enforcement of rules, otherwise millions will lose faith in the legitimacy of the market and
I urge FINRA to put in place daily short percentage update requirements and reporting. I believe this will strengthen our marketplace and help our great American businesses fight manipulative overleveraged shorting. I also believe Failure to Delivers should get reported as often as possible and should be investigated quickly and effectively. Thanks for your time and consideration.
How about you just make this a simple thing... Instead of financial institutions SELF-REPORTING their short positions, why not actually have a regulatory body go directly into their books, so they can properly extrapolate the information. This way you can monitor things like married puts/calls that create synthetic shorts, and be on top of them on a daily basis.
Restrictions need to be placed on shorts to prevent overleverage ASAP especially to the degree that AMC is right now. If any normal person to out a loan and over leverage it banks would be at our throats to receive their money. Why is it treating any different with short sellers. The act of bankrupting a company without full transparency of all positions should be illegal.
