Current total short interest updated no less than once per day. Short position averages as well as amounts sorted by length held. Ie: 400k shorted shares still uncovered/ current position lifespan 24 days. Total disclosure of what exactly is being pushed through dark pools. It's on par with financial terrorism, fraud, theft, and the like. Absolutely disgusting how our regulators sit back and
Amendments to NASD Rule 3210 to Conform with Amendments to the SEC's Regulation SHO Delivery Requirements
Finra regulations must be updated to be more stringent when it comes to the reporting of short positions. This included positions created synthetically. It would also be important to address the reporting of how the borrowing process occurs and through what entities, to prevent manipulation of stocks via over shorting said stocks.
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!
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.
Dear FINRA, Everyone should have access to invest in UltraPro and UltraPro Short ETF's.and other funds without limitations. We should all have the right to make the investments in public securities that we choose and they should all be available to the public.
I invest in these securities, UltraPro and UltraPro Short ETF's to help protect my investments and keep positive returns
Publication Date: February 23, 2023
Interpretations are marked in blue background beneath the rule text to which they relate.
15c3-1a Options (Appendix A to 17 CFR 240.15c3-1).
15c3-1a(a) Definitions.
15c3-1a(a)(1) The term unlisted option shall mean any option not included in the definition of listed option provided in paragraph (c)(2)(x) of § 240.15c3-1.
15c3-1a(a)(2) The term option
While more reporting around Short Interest Positions is to be encouraged and applauded, unless the market "plumbing" that allows failures-to-deliver to continue in perpetuity is also addressed, these changes will not solve the underlying problem. Address short interest reporting AND the failures-to-deliver problem if you really want to fix this issue.
Please implement the following amendments: (1) modifications to its short interest reporting requirements (Rule 4560); (2) a new rule to require that participants of a registered clearing agency report to FINRA information on allocations to correspondent firms of fail-to-deliver positions; and (3) other potential enhancements related to short sale activity.
Please implement the following amendments: (1) modifications to its short interest reporting requirements (Rule 4560); (2) a new rule to require that participants of a registered clearing agency report to FINRA information on allocations to correspondent firms of fail-to-deliver positions; and (3) other potential enhancements related to short sale activity.
