You need to increase fines for non-reporting of short positions. The current plan is not even comparable to a slap on the wrist for the large hedge funds. It would more than likely hurt them less to pay the fines than to actually report on their short positions. As for the frequency of reporting, daily with full transparency in all aspects of the market would be appreciated but impossible. Also
Hello, I believe that this is a really important rule as we all know what can happen when shorts go unchecked. I understand the reason for shorting but when people get carried away, they can harm another company as a whole. I don't see how there could be any trouble making the info transparent to be able to keep a book on how many shorts are out on the market to avoid any issues of naked
It’s obvious shorting has a role to play in today’s market, but also has huge potential to be abused! When very large Hedge Funds or brokers can leverage their short positions by buying shares in a dark pool it becomes predatory because those buys have no affect on market price. This allows short position players to hold short positions longer than they should. If a time or price restriction was
We want better short sell reporting, end of day settlements, better short sell marking of shares, much stronger penalties or jail time for short sell violations, and market manipulation
SR-FINRA-2008-069 - Proposed Rule Change to Amend NASD Rule 3340 (Prohibition on Transactions, Publication of Quotations, or Publication of Indications of Interest During Trading Halts)
Thank you for the opportunity to appear today to discuss the important work that the Financial Industry Regulatory Authority, or FINRA, is doing to fulfill our mission under the federal securities laws to protect investors and safeguard market integrity while facilitating vibrant capital markets.
Hedge funds must be hold accountable for shorting companies out of business. There should be fair limit of share available for short and time of in which a stock can be shorted. Naked and synthetic shares should be illegal.
The following links should be helpful when filing online for your firm and associated individuals:CRD System and Related LinksElectronic Fingerprint ProcessingElectronic Fingerprint Submission (EFS)Filing Guidance Related to Registration FormsCurrent Uniform Registration Forms for Electronic Filing in CRD (U4, U5, U6, BR, BD, and BDW)Investment Adviser Representative (RA) Form Filing
The FINRA Board of Governors will consider the following rulemaking items at its July 2011 meeting. After the July 14 meeting, FINRA will notify firms via email about the Board’s actions on these items and anticipated next steps, if any.
Reporting of Customer Complaints Relating to Auction Rate Securities; Effective Date: April 1, 2008
