During its May 8-9 meeting, the FINRA Board of Governors approved FINRA’s 2023 Annual Financial Report and appointed new members to FINRA’s Advisory Committees.
More transparency on short sales is for the greater good of markets. If a couple retail investors can run up a dead company like GameStop, just imagine what these large dollar firms are capable of doing to manipulate the markets without their buddies help. Then imagine a handful of these firms acting together for the same greater purpose.
You should not be able to sell something you don’t own. If borrowed; must have in possession and not “ we can get them later”. Also fail to delivers must be covered in a shorter timeframe. Honestly there should not be any fails to deliver. Short information should be readily available and not 2 days out. After the fact.
Every share should be tracked in a live public database with a unique identifier. Every share should be located and lent only once. Every order should be delivered T+2 or fails to deliver are actually costly penalties along the lines of 10x cost penalty. Every short position should be updated with FINRA daily.
I would like to see a more transparent market with instant short position reporting to the general public. I would also like to see instant reporting of any failure-to-delivers. I think this information should be public to any retail investor instantly and easily with no delays. I believe this will help limit manipulation and allow the market to be free and fair.
I object: Thumb on the scale regulations. This doesn't do small investors any favors. A reverse split is one thing. To remove the ability for opportunity as a threat becomes real--- it becomes a question of loyalty, but to what risk. It would reason out, that, all short option plays be included in this regulation proposal.
The market doesn't just go up. it exposes opportunity
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I have been an investor since the 80s. I invest in a variety of stocks in the hope of owning a share of each companys profits. It is a business. Throughout the years, stocks rise, fall, and rise again. At times, the whole market tanks. The only way to protect myself as a small investor, is to be able to hold inverse investments. Like shorting individual stocks, inverse vehicles should stay on the
FINRA Regulatory Notice 22-08 will infringe on my right to protect my investments against periods of recession in ways that only very wealthy investors and large institutions can by using their power to irresponsibility short sell the market. this is leaving average Americans to burden of others poor decisions. leveraged and invests ETFS when used correctly after a great protective strategy
I am against regulating the leveraged and inverse ETFs.
My brokerage co. Fidelity make you read a statement and request that you are able to invest in what they term more aggressive investments. I appreciate the ability to be able to invest in leverage fund instead of having to do it through playing with margins (i.e. loans) and inverse without actually having to mess with shorting a stock.
