Hi, These detailed changes are very important for a lot of people. They would leave the market as a much more transparent way to invest as there would be less reliance on rumour surrounding primarily short interest and synthetic shares. The companies involved in these large amounts of share borrowing would be much more open to legal action as illegal activity would be more obvious. These changes
The current state the US market is full of fraud and manipulation. There is definitely a need for change. It’s a massive conflict of interest when a company is a hedge fund and a market maker!! All shares, synthetic and short, needs to reported daily and posted for retail investors. The market makers/hedge funds have all the information in front of them to make their informed decision. Retail
The use of dark pools as a tool for price suppression is overwhelmingly clear. Market manipulation is actively taking place and the free reign of large organizations to process transactions off-exchange is essentially cheating the system. Additionally, there is basically no real, enforceable regulation on the shorting of stocks. Through aggressive shorting, powerful entities can drive many
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Executive Summary
The 1993-94 NASD broker/dealer and agent registration renewal cycle begins its second phase this month. The NASD is publishing information in this Notice to assist members in reviewing, reconciling, and responding to the Final Adjusted Invoice packages that are being mailed to all member
As a former complex product supervisor for one of the largest broker-dealers in the nation and which is probably the highest producing structured product firm, I would like to make some comments on the practices employed by them and in the industry by general. First of all the process in getting an account approved for structured notes and options is largely a joke. Anyone from an 18 year old
Hello, As an active investor in the US stock market i would like to suggest following comments to the rule: Short Interest Position Reporting Enhancements and Other Changes Related to Short Sale Reporting. In order to ensure the integrity of the market, a level playing field for every investor, and deter abusive short selling, there should be an attempt to implement the following: 1) Establish
Publication Date: February 23, 2023
Interpretations are marked in blue background beneath the rule text to which they relate.
15c3-1g Conditions for ultimate holding companies of certain brokers or dealers (Appendix G to 17 CFR 240.15c3-1).
As a condition for a broker or dealer to compute certain of its deductions to capital in accordance with § 240.15c3-1e, pursuant to its undertaking, the
B. Content of Short Interest Data - The addition of reporting short interest by categories to give a more accurate picture of which entities hold what positions is great for accountability and keeping an open fair market. - Yes. Any short/long position should be reported the same. Synthetic short positions have a history of being used to conceal a form of market manipulation due to its ability to
Short positions should be reported daily. Any attempts by institutional investors to drive stock prices up/down (smear campaigns, fake DD, Spam/Ads) should result in fines that actually impact the guilty parties, not just a tiny percent of the profit from the illicit activities. There needs to be actual penalties for breaking the rules, or the so-called "free market" will ever truly
Please put these new rules in place. We need transparency in our markets, especially with regard to short selling and dark pool activity. Naked shorting, short ladder attacks, spoofing, as well as online intimidation is taking place on stocks like AMC and many others for that matter and it just isn’t fair to the American people. Prime brokers like Citadel should not be permitted to reroute retail
