How do we get transparency and regulations involving synthetic shares or IOU’s. I understand the necessity to make trading instant, but these shares should be required to be covered in a day or two. Shorting shares infinitely that aren’t owned, borrowing borrowed shares, and synthetics are a major issue. We need transparency and legal consequences for fraud and manipulation.
I would like to propose a fixed T+0 or T+1 settlement date for all shares. FTD's (Failure to deliver) are rampant in the current market structure and allows for adverse effects on price discovery. Enforce a T+0 or T+1 settlement for FTD's and this would saveguard price discovery and mop up shorting fraud without risking liquidity issues.
Accurate short sale tracking is obviously important, but it’s only as useful as the information given on dark pool activities. Dark pool existence, and how those exchanges are able to integrate shares into major exchanges is beyond fraudulent. I appreciate your efforts, but share selling will never be put into check until dark pools are eliminated.
It is strange that there is always 'new' regulations but how about ENFORCING the current regulations? Citadel, for one, keeps shorting stock with phantom shares. SEC has been informed but just like Bernie Madoff they ignore all information. The stock market is a joke and is NOT a free market. It will be sad when retail folk start pulling their money out of the market!
Summary
FINRA is issuing this Notice to remind member firms of their obligations during extreme market conditions with respect to handling customer orders, maintaining appropriate margin requirements and effectively managing their liquidity.
Questions concerning the best execution guidance discussed in this Notice should be directed to:
Patrick Geraghty, Vice President,
These changes will be greatly appreciated. It is more than unfortunate knowing there have been companies which went out of business due to coordinated over shorting of their stocks. The enrichment of a few companies, much less individuals, at the expense of thousands of jobs and millions of retirements is abhorrent. I hope we see more changes to stabilize and unobfuscate the markets moving
I_ not the regulators_ should be able to choose the public investments that are right for me. Public investments should be available to all the public and not just the privileged. I am capable of understanding inverse funds and their risks and I don't need restrictive measures imposed on me. I trade _ not invest_ inverse funds using my own short term strategies to enhance
returns.
I find it it incredibly demeaning that the same people who want to do this to us refuse to regulate themselves. Laws against insider trading for Congress continue to fail while they try and tighten the screws on us. Secondly, this is another way to inhibit short selling. You can't just make us buy stocks and bonds and manipulate the market up and to the right. Let the market work on
Leveraged and inverse ETFs are important to my investment strategy because I don't know how to trade options or short the stocks. It's easy to understand and easy to buy and sell. Please don't take it away from us. Otherwise I will have harder time to accumulate enough savings for my retirement. Please leave it alone, there are tremendous reasons for leverage and
Please leave leveraged and inverse ETFs in tact. They allow simple investors like myself buy and sell simple ETFs like stock without having to do complex short trades or PUTS&CALLS which require more sophisticated trading knowledge. The ETFs work very well and simply for average investor. We realize the risk and losses are contained by broker if necessary. Thank you.
