I would like to see more transparency with regards to shorts and the dark pool. I would also like to see penalties that are more aligned with the amount of money stolen or misused by hedge funds and others that break the law.
All shares should be visible and trackable. Every share should be able to be accounted for. There should be higher accountability on naked shorting and FTDs and for those who use the illegal practice should face severe consequences.
The way the market is controlled by short attacks is truly disgusting, the retail investor has become a feeding frenzy for hedge funds and market makers, it has to stop! It’s illegal what is happening on a daily basis!!!
I believe individual investors should have total transparency on all short positions including naked positions. Total transparency will allow more of a free market and allow individuals to make better investment decisions.
T-0 settlement. Real fines or jail time for naked shorting. FTD’s need to be covered or receive at the least a 70% fine. Shut down dark pool trades, they are a huge scam against the retail traders.
Read CEO Robert Cook’s email to firms previewing topics the Board is scheduled to discuss at the September 2024 FINRA Board of Governors Meeting.
People should be given the choice they want for their own investment. In a case like leveraged or inverse funds, I personally use them for taking advantage of temporary market dislocation or hedging, both for short term investments. Over regulating doesn't seem to be the right approach.
Leveraged products are great tools, they are significantly less risky and less costly than trading on margin. Why take away leveraged and inverse ETFs but leave the ability to buy on margin or sell short?
Please don't try to fix something that isn't broken.
If you regulate short selling you limit price discovery. China is restricting all kinds of rights with stock trading. In China you can't even talk about any bad about the market or stocks. Let's not make the same mistakes. enough!
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Executive Summary
On July 3, 1997, in Release No. 34-38812 (SEC Release), the Securities and Exchange Commission (SEC) approved new NASD® Rule 2460 (Rule), which explicitly prohibits any payment by issuers or
