I am writing to FINRA to comment today, pursuant to 15 U.S.C.A. § 78i, titled Manipulation of Security Prices, to prohibit manipulative and deceptive tactics that artificially depresses the price of AMC Entertainment and other securities in contravention of the laws of the United States. Section 78i(a) clearly states that "It shall be unlawful for any person, directly or indirectly, by the
Recent market activity involving GameStop stock has shed light on misbehavior by hedge funds and other financial institutions involved in a practice called naked short selling. Though naked short selling was made illegal after the 2008 financial crisis, loopholes exist that allow for this practice to continue. (More details here: https://www.investopedia.com/terms/n/nakedshorting.asp). This
How can selling more shares than exist of a stock and trading those shares in the dark market to manipulate share price be legal?
Close dark pools and cancel shorting stocks it is unfair to retail investors and the companies that are going out of business. This system is rigged and unfair to the investors and workers
There really needs to be individual markers or identifiers for each stock. This has been ridiculous to watch as there are "sythetic" shares that are causing an impact on the market as a whole.
Hedge fund companies illegally naking shorting of AMC stock is making a mockery of our economic system. You need to restore order.
No FINRA Proposed Rule you are not protecting the retail investors if you was helping you wouldn't let the market makers, hedge fund etc do what they want manipulation in the stock market.
I am against to have any limitation against my access to any ETFs in my stock portfolio. I am heavily invested in the ETFs and the future restrictions are against my financial investment.
It needs to be in investor's right to buy/sell freely on the open market without regulatory interference. I have invested in inverse stocks for years, and these trades should not be regulated in the name of protecting investors.
This is gross overreach.
I object to any prohibition to banning inverse funds. They are an easy way of shorting markets. It's useful to me to have a small ammount in inverse funds that can be sold to buy stocks in a crash.
