I believe a more transparent form and frequency of short position reporting would be very beneficial to the stock market and retail investors specifically based on increased trust in the institution as a whole.
Naked shorting should be illegal. How can a company have more shares to purchase greater than what was issued by the company. This is fraud, deceptive and should be made illegal
Reports on short positions should be done on a daily basis with no T+ days. In my observation, a lot of the fraud and price manipulation are able to stay hidden due to T+ days.
At a minimum we should have transparency in the market to see the same information hedge funds and market makers see also to see short positions that effect market prices
FTDs should not exist - if said security isn't delivered, liquidation is a must at agteed upon date - no more loop holes and T-#s - And 100% transparency on short positions daily
A member firm may include related performance information in institutional communications concerning Section 3(c)(1) Funds, subject to the stated conditions discussed in the letter.
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KEY TOPICS
Legal & Compliance
Operations
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Rule 3012 (Supervisory Control Systems)
Rule 3110 (Books and Records)
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Executive Summary
On September 30, 2004, the
(a) DefinitionsFor purposes of this Rule and any interpretation thereof:(1) "Communications" consist of correspondence, retail communications and institutional communications.(2) "Correspondence" means any written (including electronic) communication that is distributed or made available to 25 or fewer retail investors within any 30 calendar-day period.(3) "Institutional
I 100% support broader and more detailed reporting on short sales. This information would lead to a fairer market through transparency and allow all parties to better understand the marketplace.
I oppose restriction to my right to invest. However, if you can help to eliminate naked shorts; I would appreciate very much. It is not right if a person can sell specific stocks while does not own the specific stocks!
