What is extremely discouraging is becoming aware of Dark pools, And in particular Citadel Connect. Where apparently they don’t have to report anything to Finra?? Is they are using dark pools and the connect forum to trade. And Lee the stock price down of say AMC for example. Is gives very little confidence in the system. especially as retail investor are becoming increasingly more aware of how
1)Retails investors buy orders should not be going to dark pools if we cannot trade there. 2) 100% Accurate reports on short interest. 3) Have proof that FTD’s were actually bought. 5)Have frequent checks on shares outstanding and if number is over the shares outstanding have short sellers or any participant who responsible for the FTD/Naked shorts has to purchase shares immediately. 4)Hedge
BAN all OTC & HFT (dark pool and high frequency trading). Ban Citadel Connect, rehypothecation, and short selling like EVERY OTHER FIRST WORLD COUNTRY has so the United States financial system isn't looked at as a place to commit fraud. Take away licenses from people who break the laws. Citadel has over 58 infractions in the past decade and they're still allowed to do business?
Any and all accountability improvements would be welcome, as would ethical and timely monitoring/enforcement of all regulations. The manipulation and fraud is clear at this point, there must be a change to preserve the market’s viability.
How can selling more shares than exist of a stock and trading those shares in the dark market to manipulate share price be legal?
Rules are nice, enforcing them would be nicer.
* Dark Pools should be banned , they are being misused against retail by large players * Naked short selling can be address in 21st century by simply adding a unique identifier to each share and can be tracked for short selling. * Rules need to be enforced, cannot just have rules like SSR and nobody follows them, shares actually fall more on days of SSR * Fines should be increased 100X maybe some
Hello FINRA, I saw you are looking for comments on 21-19, regarding short positions. As I see it, the current US market is full of nothing but fraud, with the regulatory agencies being complicit. They are complicit through their complacency, with years of unchecked fraud and market manipulation through naked short selling by large hedge funds like Citadel and Susquehana being allowed to happen
Short selling restrictions. They should be forced to cover all short positions weekly if not daily. Market makers and hedge funds should not have the ability to short during pre or after market while most retail investors and the apps used are shackled to not being allowed to buy. Hedge funds should have to report daily their short positions and accurately, they should not be allowed to police
Dark Pools are becoming an overwhelmingly corrupt and manipulative way for large companies to affect market prices, especially of influential stocks. There should at least be some kind of volume threshold; when 70 percent of one stocks volume is going through dark pools, that's a huge problem.
