As an European investor I'm seriously concerned about the undeniable illegal practices surrounding the US stock market and the lack of transparency. Any and all data regarding short sales should be publicly available for everyone in real time to create a truly fair and free market for retail investors.
you have to stop brokers from borrow users shares or other companies to sell fractionated shares, doing this is just creating an alteration of the market flow. the market should be based on offer and demand, shorts may exists, but in other conditions that doesn't put in risk formal investments.
T+0. Instant settlement. No trading outside the lit market. No securing exchange security positions with bonded products; cash, margin, or owned stock only. Selling synthetic shorts depresses the stock price and defrauds the company in favor of market maker profits. Liquidity will come with instant settlement.
I believe it’s the utmost importance that the short report of any kind, should be an information declared daily. Only then we shall have a market more equal and attractive to retail and everyone else. I appreciate very much the opportunity to let our voices be heard. Thanks, Felipe Borges
I support transparency in short reporting process and accountability. In cases such as the Robinhood stopping trade on AMC have created a distrust for the market and weaken the economy for all. Making data available in a single place will help restore some of the trust lost into the institution and improve confidence in our economy as whole.
The punishment for cheating and stealing billions cannot be a small 10k fine. This is a joke. Prison time and forfeiture of all assets should be the penalty. buying in the dark pool and selling on the open market should be 100% illegal and short positions need to be reported daily just like buy positions.
I should be my responsibility to select the type of product I am interested to buy and to accept responsibility for the choice. Many individual stocks are even more risky. Do not take another freedom of choice. Make sure relevant information is provided and available but leave the decision up to the individuals.
SUGGESTED ROUTING*
Senior ManagementLegal & ComplianceOperationsSystemsTrading
*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
As previously reported in Notice To Members 88-104, the NASD, beginning February 12, 1989, will require its members to respond to requests for trading data using an automated format. The format is consistent
As long as it’s possible to sell a share short and mark it long, any additional reporting visibility and/or frequency will be diluted by fraudulent data. Delivery of shares at settlement should be a requirement. Failing to deliver a security sold and NEVER EVER having to deliver it is criminal and theft. Transparency is everything. [REDACTED]
Note: Derivatives or leveraging is an everyday tool used to maximize profit. I understand leveraged and inverse funds and I know how to use them and there should be no outside interference in my usage of them. When the trend is up, I'm long the market and when the trend is down, I'm short the market. You have no right to limit my profit.
