We need much more transparency in our market and this is a good start.
As a retail investor, I support these rule changes. Legal investing can only be accomplished in a regulated, transparent, non-manipulated market with rules that are agreed upon and ENFORCED. Everyone is entitled to know where all the bananas are and how they are being bought and sold.
More frequent public reporting of short positions and more details in public reports
Dear Finra, My name is Kevin, as a retail investor the only thing I personally request in behalf of all retail traders is a fair market. Meaning no manipulation of stocks, naked short selling of stocks that are not even of existence. I have come to realize that none of these illegal practices are being taken in to consideration as far as correction. Hedge funds have been doing this for years and
"C. Frequency and Timing of Short Interest Position Reporting and Data Dissemination" This should be done more frequently. Prefer daily.
Thank you for considering these changes and taking an interest in retail investor opinions about them. I will keep it brief. First, it is no secret that stock shorting has become a practice that works in a way that is predatory to American businesses. Second, with decades of deregulation within financial markets the people who do engage in the more predatory forms of shorting have used antiquated
"Total Shares Outstanding (TSO) and Public Float: FINRA also is considering including in FINRA-disseminated short interest data, where available, the TSO and public float for securities." This should be done on a more frequent basis. Prefer weekly reporting on the Public Float - number or percentage of shares available, number or percentage of ownership, specifically institutional,
While short positions is legal and should remain so, predatory shorting that harms American companies, it's consumers, and American investors should be abolished. Greater monitoring of the practice and regulatory enforcement to prevent it from occurring is desperately needed. "Dark Pool" trading in particular is should be illegal and have those that participate in it the subject of
Dark pools need to be eliminated and naked shorts are ILLEGAL but are still an ongoing practice among hedge funds. SSR needs to also be enforced much better. The hedge funds are able to do whatever they want and don't get punished for their actions. SEC, please step up and stop illegal practices and be more transparent in regards to stock market information.
Help us level the playing field. It’s the only way to make this fair.
