Per your request for Regulatory Notice 21-19 regarding Short Positions, please find my comment below. The current requirements for short sale reporting, thorough as they may seem, are woefully inadequate in terms of depth, clarity and public transparency. I'd like to take the time to address what I see as issues that clearly and with immediate care must be addressed when considering short
Enforcement and transparency. There is no enforcement on the rules that are already in place. SSR is not enforced at all. T+0 settlement, ban payment for order flow, stop routing all our buys through dark pools (the dark pools are not being used as inteded), add real punishments for repeat offenders (jail time), force shorts to cover their synthetic shares.
I’m not educated nor do I speak/write English well. But the way the stock market works, it seem that the rich have a different rules while retail have very limited tools. Why are they allowed to short stocks without reporting? Why are they allowed to manipulate prices via dark pools? It’s like we are watching a game of football, betting which sides win, but retail only see 25% of the field while
I would like to see more transparency when it comes to short positions of institutions. Daily accurate reporting; no more hiding how big institutions move the stock market in their favor.
I was just wanting to know if anyone is looking into some of the options for $GME? It just seems really peculiar to me to have thousands of contracts being purchased so far from any realistic price point. I'm talking puts for 50¢ and $1 shares. I'm concerned this is where/how naked shorting is taking place/being "hidden". Anyhow, thank you for your assistance in this matter. I
The problem is not the rules... Rules are there already and you know as well as everyone else that the issue is that the rules are for thee and not for me. Enforce the rules that are on the books and stop not only the naked short selling but also the political hacks working for your agency and all throughout the financial industry regulatory authorities. Tell me... How much again did Pelosi make
The only thing evil needs to thrive, is for good men to do nothing. The market as a whole is trash and the world is beginning to ask questions. Better to turn it upside down and fix it, than to let it run off its wheels.
I’m in full agreement with most of the changes you have added above. Naked shorts and FTD are reeking havoc on price discovery and there’s little to no visibility on this type of data. Without information and transparency we can’t have a truly free market.
100% cfull and transparent reporting on all trades for all stocks. Full and transparent reporting on anything and everything that goes through dark pools, and full and transparent reporting on shorting and naked shorting. If the stock market is an investment vehicle for the people, it needs to be made fair.
All short sales - synthetic, actual, borrowed, naked shorts which we need to acknowledge exist, etc. ALL should all be more fully disclosed to level the playing field for the non-institutional buyer. Hedge funds manipulate the market terribly with the existing rules and it needs to change.
