The proposed amendment to FINRA 4560 is a laughable attempt at improving naked short selling internal control measures, actual regulatory action, or really any kind of further obligation on the part of the involved broker-dealers. There have been hundreds if not thousands of regulatory "actions" taken by FINRA related to short sale, and misreporting/misclassification of shorts. This
1n the first place, naked short selling should not.be allowed and we know that it is because there is no way to police it. This would help.
Hedge funds selling synthetic shares should be scrutinized and rules should be such that the naked shorting or synthetic shares should be made unavailable.
Dark Pools exist for large institutional orders. Use for any other purpose should be illegal. Naked shorting must be prosecuted.
do something about naked short selling instead of ignoring it. the reputation of the market is being harmed, and millions of new retail investors are watching. do something about the same handful of institutions trading the same shares back and forth millions of times every month to manipulate the market and steal from retail investors. publicly report when institutions are margin called. audit
With all due respect, your current rules are useless and are easily ignored and/or side-stepped. There is no transparency in the sector concerning shorts. Numbers are self-reported and easily manipulated, hidden, or misrepresented. Without mandated, accurate, and daily transparency of short data, the entire stock market is subject to malfeasance. The retail investor, as well as institutional
Naked shorts, synthetic shorts, dark pools, all must go. Where is the fairness in trading on t Wall Street if the retail inverstors are at a disadvantage? There has to be more transparency on Wall Street, there has to be someone in charge who enforces the new regulations from SEC and FINRA, and reporting practices must be on a public level. Hedge fund and retail investor must have the same
Stop allowing market makers and others to naked short sell and not be margin called at the end of a REASONABLE period- one week?- - enforce FTDs so that shorts are covered AND cancelled and make all transactions on all equities that are on the exchange and open to individual investors transparent and reported for these individual investors to have knowledge on a given equity. Market makers have
FINRA should immediately move to require daily short interest reports. More and better information will allow for better price discovery, which is the whole point of markets. FINRA should also consider making rules that punish those who commit FTDs (Failure to Deliver). Market Makers should have their naked short selling exemptions removed or severely limited. Finally, FINRA should move to
FINRA 21-19 is a long overdue change. It is clear that the integrity of the United States market has been strained to the edge of disaster, in large part due to systemic risk developed under the regulatory authority of FINRA's outdated short interest reporting policy. While many of the policies mentioned in Regulatory Notice 21-19 address the general breadth of exploitable and ineffective
