These fines need to be raised! It's not fair that someone can net millions in undisclosed naked short positions and only be fined 10k for ruining a company! That's very suspicious for FINRA as you figured that was satisfactory. Every Short positions NEED to be disclosed and accounted for to stop the manipulation in the market! I'm also not so sure that the dark pool is a reputable
The short selling as a business action to "bet" against what is considered a failing business is understandable. It's when a company uses various tricks in the market to create more shorts than should actually exist, IE naked short selling. Various people that are not apart of the regulatory system have proven such naked shorts exist and yet the system set in place does nothing to
1. Require shares to be acquired before they can be sold. It is ridiculous that today shares are often not even located or are only located before actually being sold. Borrow the shares first, then sell them. 2. Better tracking of borrowed shares. It is ridiculous that shares can be leant out multiple times (often because they are only 'located' and not actually obtained before allowed
T+0 reporting of short interest. No using the options chain to push FTD's past the original settlement date. Restrict the use of dark pools to trades larger than %5 of the float. Generally enforce existing rules in good faith.
I am a fairly new retail investor who got into the market with an interest at the time I saw as positive and opportunistic. After experiencing, first hand, how the market actually works and facilitates abusive naked short selling - that interest has turned into cynicism. What I would like to see, personally, is FINRA to enforce existing rules in a manner that actually seeks to stop market abuse.
Naked shorting illegal. Excessive FTD are punished. SSR actually enforced and shorting cannot be done in dark pools. Price manipulation banned. When buying volume is higher than selling volume, the price should NOT be going down. Please look into and start enforcing fair market trading. Thank you.
I would like to see automatic reporting of shorts and short interest and not self-reporting. I have a three year old and if I'd ask her to self-report when she does something wrong life would be peachy. The brokers, market makers and multitude of firms, funds, offices and other institutions have shown that they are unreliable or downright fraudulent when it comes to reporting. They should
Short-selling of stocks should be abolished. The practice is damaging because it artificially lowers stock prices. The practice of profiting from a company's failures is immoral. By selling shares that they do not possess, short-sellers temporarily reduce stock prices, because if those transactions had not occurred, fewer shares would be available for buyers to purchase. Short-sellers
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
FINRA I would like more frequent public reporting of short positions and more detail in public reports. Not asking for much. Thank you.
