ALL shorts positions must be made public to curb illegal abusive naked short selling. This proposal doesn't go far enough to prevent this practice; for the majority of financial institutions, fines are merely the cost of doing business and well-worth it. Illegal naked shorting is rampant, widespread, and well-known to the public despite FINRA's continued inaction. Do better. I say this
What is the point of a regulatory authority if not to enforce rules and protect the consumer? Rules are made for the betterment of society, not as a way to placate the masses of thinly veiled corruption. The best time for action was before 2008. The second best time is right now. Enough is enough.
Summary
FINRA will conduct its Annual Meeting of firms on Wednesday, September 1, 2021, at 10:00 a.m. Eastern Time in the FINRA Visitors Center at 1735 K Street, NW, Washington, D.C. The purpose of the meeting is to elect individuals to fill one small firm seat, one mid-size firm seat and one large firm seat on the FINRA Board of Governors (FINRA Board or Board).1
It is important that all
They are hiding over 100 million fake shares in puts in two forms in Brazil. The data for this popped up on a Bloomberg terminal. This is part of the problem, they create fake shares and hide them in puts. Beyond this, if you really would like a fair market we need to have short interest accountability and transparency. They are so over leveraged it is going to collapse the economy as evidenced
Serialize ALL shares of a stock with block chain. No more synthetic shares and doubles/triple lending etc. They can no longer complain that its tip expensive - it's a fraction of what they're paying in short interest to cover their asses and kick the can down the road. They've created monster - Tame it for the future with blockchain.... - Also - Punish the ones who are naked
With the increase of individual consumers buying and selling securities this is an absolute necessity! Hedge funds should not be able to hide this data from the people.
I cannot believe how deep this corruption runs. Honestly, at this point id be hopeful that any number of these committees would do something to level the playong feild here. However judging by lack of action, i have come to one of two conclusions. You're either all corrupt and working together to rob the american public. The people who keep this coubtry running. The people you all considered
Just as many others are upset, I'd just like to say I'm very disappointed with how the corruption in the stock market is being handled, there are many people who are not getting the money they earned by participating in stock exchange because of constant market manipulation, and despite so much evidence of these malicious practices, hedge funds are allowed to continue scott free.
https://www.reddit.com/r/Superstonk/comments/otgysn/tom_berwick_has_had_enough/ predators everywhere in plain sight. Please help us
https://www.sec.gov/rules/proposed/s72303/decosta122203.htm (2004) https://www.sec.gov/rules/proposed/s72303/jdcosta012204.htm (2004) https://www.sec.gov/rules/sro/nasd/nasd2005112/jdecosta112405.pdf (2005) https://www.sec.gov/comments/s7-12-06/s71206-899.pdf (2007) https://www.sec.gov/comments/s7-08-08/s70808-428.pdf (2008)
