SEC Approves Amendments to the Arbitration Codes to Expand Arbitrators’ Authority to Make Referrals During an Arbitration Proceeding
Must enforce the rules first and foremost. 2nd borrowing of shares once off each share. 3rd Some type of proof the short was covered or the ftd was paid. None of this go short then cover long? 4th if naked shorting is illegal have a system that keeps track of the shares not allowing a float to be bought and sold several times over. 5th enforcing rule it is illegal to loan out shares on cash
ENFORCE YOUR RULES. These rules don't mean anything if they're not enforced. And I'm not talking about giving Robinhood a 70m lawsuit, that's just the cost of doing business. The penalties need to be crippling to ensure that the rules are followed. Reduce the reporting period to daily. We live in the digital age, there is absolutely NO reason that this information isn't
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.
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
Hedge funds selling synthetic shares should be scrutinized and rules should be such that the naked shorting or synthetic shares should be made unavailable.
I understand the risks and the benefits of leveraged ETF. I still can trade options. For years I prefer to trade these leverage ETF. I hope you dont change the rules.
Thanks,
Pallop.
08-51 - SEC Approves Amendments to FINRA's Transaction Reporting Rules to Require Prompt Last Sale Reporting of Transactions in Foreign Securities
To keep it simple, shorting rules and regulations need to be updated and brought up to speed. Reporting should be done faster and more efficiently.
Proposed Rule Change to Amend FINRA Rule 2251 (Forwarding of Proxy and Other Issuer-Related Materials)
