The market rules need an overhaul. Penalties for failure to return shares should be steeper base on how much you're shorting. If someone shorting a stock for 100k, a ten thousand dollars fine seems reasonable. But if I'm shorting the stock by millions or billions they shouldn't be paying 10k for breaking the rules.. matter of fact they should not be breaking the rules in the first
Seeing new regulatory rules and requirements is a good step, however they are only as powerful as their own enforcement. FINRA is apparently aware of PFOF, naked shorts, dark pool trading (of up to 89% total daily volume), etc. The rules recently put in place, as well as this request for comment(s) make this obvious. However, the retail investor trades continue to have minimal effect on actual
With all due respect "reporting" is a small part of the shorting problem. While I support more immediate reporting requirements, the issue is naked shorting, mislabeling of shorts (as longs), and other shorting malfeasance being used by market makers (i.e. Citadel and Virtu) to manipulate market prices and destroy market integrity. Fines are also the biggest joke. Citadel has been fined
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Transforming the Securities Industry CE Program
FINRA has adopted important changes to its continuing education (CE) and registration rules to train registered persons more effectively while accommodating registered persons
All I want is FARE TRADING. Please. Open and FARE…
TO: All NASD Members and Other Interested Persons
EXECUTIVE SUMMARY
In Notice to Members 87-25, dated April 14, 1987, the NASD requested comments and suggestions on the concept of a rule that would restrict broker-dealers affiliated with issuers from making markets or trading in the securities of those issuers.
The NASD's request was the result of concerns as to whether conflicts of
Stop! EVERY investor should be able to access these instruments. The majority of these instruments ate traded by professionals on behalf of their clients.
I oppose any need for extra education to trade securities. Ive done well and the risk I take is well acknowledged.
You let elected officials cheat the system (insider trading), let me invest legally without restrictions.
Hard NO, one cannot choose my investment strategy. I should not, and cannot, be limited in my public traded investments.
