All short positions need to be reported hourly. Positions need to be report on open and close. Substantial fines, up to the cost of the underlying need to be levied against those improperly filing or not filing at all. This data should be available in full no later than end of business day.
As a common retail stockholder, I would very much like to see much more current and much more detailed reporting of short sale activity. I would also like to see investigation as to possible malicious or surreptitious activities by large companies with resources not available to retail investors.
We want more frequent public reporting of short positions and more detail in public reports. The entire market is rigged. Authorities are not doing their job. The public think they are on the side of the hedge funds who have created all these problems and taken advantage of this broken system for decades.
As long as it’s possible to sell a share short and mark it long, any additional reporting visibility and/or frequency will be diluted by fraudulent data. Delivery of shares at settlement should be a requirement. Failing to deliver a security sold and NEVER EVER having to deliver it is criminal and theft. Transparency is everything. [REDACTED]
I believe it is overly restrictive for the FINRA to prohibit or control the products investors choose to use for their own benefit. Leveraged products allow individuals to participate in investment strategies that give opportunities that before creation were only available to the rich investors and therefore without these options small retail investors are at a disadvantage. As one example, as an
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Executive Summary
On September 28, 1995, the Securities and Exchange Commission (SEC) approved proposed changes to NASD® rules governing index, currency, and currency index warrants. The amended rules:
revise the listing criteria for stock index warrants;
specify the customer margin
you have to stop brokers from borrow users shares or other companies to sell fractionated shares, doing this is just creating an alteration of the market flow. the market should be based on offer and demand, shorts may exists, but in other conditions that doesn't put in risk formal investments.
T+0. Instant settlement. No trading outside the lit market. No securing exchange security positions with bonded products; cash, margin, or owned stock only. Selling synthetic shorts depresses the stock price and defrauds the company in favor of market maker profits. Liquidity will come with instant settlement.
As an European investor I'm seriously concerned about the undeniable illegal practices surrounding the US stock market and the lack of transparency. Any and all data regarding short sales should be publicly available for everyone in real time to create a truly fair and free market for retail investors.
I believe it’s the utmost importance that the short report of any kind, should be an information declared daily. Only then we shall have a market more equal and attractive to retail and everyone else. I appreciate very much the opportunity to let our voices be heard. Thanks, Felipe Borges
