Just speculation but I’d look at dark pools. We’re seeing 60-71% volume of AMC trading there. Would it be possible to have have someone purchase a bunch of long AMC shares in a dark pool. Then have someone like say citadel buy them in the dark pool for a slightly larger price just to dump in them in the market at open to discourage people from investing in AMC. Seems like manipulating to me.
As previously announced, FINRA is introducing changes to the current Trade Data Dissemination Service (TDDS 2.0). protocol and structure.1 These changes are being made in concert with FINRA’s technical infrastructure upgrade, and TDDS clients must accommodate them by December 5, 2022; as of that date the current TDDS 2.0 version will no longer be supported. FINRA is offering testing for
The amount of blatant market manipulation is putting a huge amount of doubts in the US market. As retail investors, we DESERVE transparency in all aspects. If they can see what we're trading, we should be able to see what they're shorting. If the SEC actually did their jobs, we wouldn't be in the situation that we're currently in when it comes to AMC/GME. PLAIN AND SIMPLE.
I would like to comment on the Short Interest Position Reporting Enhancement. I do agree synthetic short positions should be reported. There should definitely be a TSO and Public float report, and it's almost sad that there isn't one already. The reports should come out daily. There's no reason why firms can have super computers doing High Fequency Trading but not have the
By Kara Williams and Gargi Sharma
Here is a look back at a few key topics related to anti-money laundering (AML) obligations that rose to the level of being included in FINRA’s 2023 Examination and Risk Monitoring Report. These threats continue to be prevalent today and remain as areas of focus for FINRA’s Complex Investigations and Intelligence (CII) section.
One was manipulative trading in
1) Daily short reporting, not this every 15 days nonsense. If we rob a bank we go to jail, the hedge funds pay a $1,000 fine and go back to work and profiting. 2) No more restricted trading. Blockchain type IDs for every share issued and no borrowing of shares at all. 3) No selling of shares that don’t exist at made up prices. Get rid of the market maker exception. This violates the law of supply
Jon Kroeper, Executive Vice President, Quality of Markets, is leaving FINRA, effective at year end, to pursue other opportunities.
As prepared for delivery.
Good morning. First let me thank Martin Baily for the invitation to talk with you this morning. Martin, I also want to commend you for the work you do here in Washington to bring about a greater understanding of business and the economy and, specifically of financial regulation.
It’s a pleasure to be here today to participate in this important discussion on the role of
Retail traders have to follow the rules, its a skewed system where large funds are able to trade shares under the table outside of market pricing. "dark pools" need to be completely shut down. Every share needs to be accounted for, naked shorting is an unfair advantage and also needs to be reined in. Every transaction, long or short needs to be reported and logged, there is no question
The shorting that takes place in the dark pool should either 1- be eliminated 2- be reported for all to see, or 3- be regulated so that a company cannot trade 50% to 60% of a stock in the dark pool. And if a company has a certain amount of time to cover their short positions, that should be enforced. Not a small fine for missing deadlines. That is how the manipulation continues. SSR should also
