How are we (the public retail) supposed to believe any information reported is accurate, when fines for breaking any rules take years to resolve and are minuscule when compared to the money that is being made off of defrauding the little guy? When the people lying are friends with the people who are supposed to keep them in check, all it takes is a little kick back to make it all go away. Lame or
I support a far more rigorous disclosure regime when it comes to Short Sale Reporting. As a non-American investor I've been shocked by the harm blatant naked shorting does through rigged financial markets and hopeless under-regulation. If large scale changes won't happen my trust in the American financial markets will not return. In that case I'll never invest again and will spend
Naked shorts are illegal. They have always found a way around all the SEC regulations and rules. Dark pools, sending stocks to OTC and other countries so the sec cant keep track. letting a human report is always going to lead to lies and illegal activities. the fines are chump change for them. Jail, losing the right to trade. They are children, and like children, you can tell them 15 times not to
Good Evening, I support these changes. I’ve have experienced the consequences of not having these rules in place and had lost a lot of confidence in investing in the financial system. Not having these changes in place also make me worry about a complete collapse of the financial system. These proposed changes have restored a lot of my confidence. Please implement these changes as soon as possible
This is far left field, but if you made a crypto that does proof of work of validating stock transactions, it could help keep the market regulated and you would have a crypto that scales with the market.
It is necessary that there be confirmation when positions are closed. It is currently way too easy for holders of short positions to kick the can and hope the company that is the focus of the short goes bankrupt. You need to start supporting the action of jailing those that are responsible. Fines are nothing but a cost of doing business and everyone knows it. People need to be held accountable.
In regards to more frequent reporting of Short Interest to weekly or Daily, I agree. Some of these rules feel in place from older times. But the technology has advanced so that all sorts of possibly nefarious things can take place within the current period. More frequent reporting just seems like a natural adaptation to how automated and speedy modern trades have become.
I am a "retail investor" who has been aware of naked shorting for over 10 years, being invested in Inovio Pharmaceuticals, one of the most shorted stocks in the market. The manipulation of the share price over the years has been criminal. As stated on your website, "FINRA is authorized by Congress to protect America’s investors by making sure the broker-dealer industry operates
I fully support all increases in what must be reported with regards to short positions, and the frequency in reporting. If regulators are truly worried about the gamification of the market then close the loopholes and increase transparency particularly around ‘naked’ shorts. Shorts are just tools but dangerous tools that are currently far too easy to abuse with malice intent.
Please investigate criminal activity such as naked shorting..... into any hedge funds that are illegally affecting a market of any given stock.
