Writing new rules is equal to nothing but [REDACTED] until such rules are enforced. Collecting data is equal to nothing but an empty action until such data is used in a way to enforce the rules. Regulatory bodies have failed miserably in terms of keeping the market fair and transparent for all participants.
I fully support Short Interest Position Reporting Enhancements, I am a 63 year old retail trader who has seen short selling abused over many years. I believe the enhancements plus additional regulations that will help stop the market manipluation using shorts and naked shorts is crucial to head off future financial disasters in the marketplace. Please pass these proposals and consider anything
As an investor in the UK, who regularly trades in securities in the US Markets - it seems less important to me that you introduce new rules, and more so that you actually enforce those already in place. It must logically be more effective to reign in those who are no -compliant with the current rules, than to spend more time, effort and money on producing, reviewing and publishing yet more rules
Hello, I find it not only unfair but downright illegal for ANYONE or any FIRM to be able to manufacture shares of stock that they do not own. Often referred to as synthetic shares they seem to be used to manipulate stock prices either up or down at their pleasure and steal hard earned money form the honest shareholders of any given company. How can the honest person decide if an investment in a
All shares should have a serial number. Block chain technology should be employed to track the movement of these shares. This would prevent any naked shorts both intentional, and unintentional.
Fairness is key. Everything needs to be reported for a fair and equal trading opportunity for everyone.
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.
The problems are numerous first of all the dark pools account for 60% of transactions that way price doesn't go up when people buy. Also short positions never have to cover because they hide them in deep in the money options and just kick the can down the road. You can see examples with stocks fail to deliver and being on the threshold list - it matters not they never cover and get away with
General’s speaking, the more reporting, the better. Especially when it comes to short interest as well as synthetic short positions. As a day/swing trader, given how quickly the markets move and their volatility, weekly reporting doesn’t help me because I need to operate on the most up to date information possible. So daily reporting would be the only thing worth it to me. Thanks for doing this
FINRA should absolutely implement each of the proposed regulations. Additionally, FINRA should implement harsher penalties for violations, given that current fines are more often than not calculated into most transactions as a “cost of doing business.” Substantial compliance will not be possible until financial regulations are re-fanged. The current regulatory conditions within our marketplace,
