Racquel Russell is Senior Vice President and Director of Capital Markets in FINRA’s Office of General Counsel (OGC). In this role, Ms. Russell oversees the Capital Markets Office as it develops new policy initiatives, provides counsel to the Department of Market Regulation and Transparency Services, and supports the fixed income examinations of the Member Supervision Department. She also provides
Dark Pools are called that because they remove the transparency of the trade. This is an open market so there shouldn’t market activity that’s suddenly invisible to the rest of market traders. There should be full transparency about shares being bought and sold at market prices. For shares that are shorted and subsequently misreported the financial fines should be proportionate to the real value
The ability to short a stock legally is fine. The fact that FTD exists should be illegal. You can not fail to deliver what has been purchased. Also any purchase short or long that is below a dollar value of 20 million dollars should by law be required to be done on a public exchange and not in a dark pool. This would make sure illegal or price manipulation activities like high frequency trades
To whom it may concern: I would like to know if there are plans to repair the fines in regards to short interest reporting, naked shorts and dark pool trading? I think that naked shorts should be fined based on the quantity of fake shares multiplied by the price of the share in question. So for 5 million fake shares at say $25 per share would result in a $125 million fine. This is a fair way,
Well, where should I start. I haven’t been trading long, approximately two years, but in that short time it’s become completely clear that every rule/restriction set in place benefits hedge funds and short traders. Dark pool is an absolute mind blowing joke. Shorts can just trade large order stocks back and forth, with no transparency, and drive the price downwards at any given time. That’s just
FINRA has updated the Alternative Display Facility (ADF) User Guide and ADF FIX Specification for Trade Reporting to now include the FINRA/Nasdaq TRF Chicago, IEX (Investors Exchange) and LTSE (Long-Term Stock Exchange).
Each document’s Revision History illustrates these changes and impacted fields.
Questions regarding this notice should be sent to FINRA Product Management or
Cybersecurity and Technology ManagementAnti-Money Laundering, Fraud and SanctionsManipulative TradingPrevious:How to Use the ReportUp:Financial CrimesNext:Cybersecurity and Technology Management
We need more transparency in the market. We, as retail investors are kept in the dark when it comes to the "free market" while hedge funds blatantly manipulate positions using illegal trading activity. The SEC and all the regulators need to enforce the new laws that have been put into place and quit letting manipulation happen why they take handouts from these financial crooks. So in
It seems that sanction on companies found breaking the rules are not stringent enough and they continue doing it by paying fines from money stolen from scared retail investors. It doesn’t seem fair to me that market makers should have the ability to trade when they have the keys to the algorithms used by super computers allowing themselves to stack the deck and manipulate outcomes in their favor
1. All shorts shall be reported to FINRA by end of each settlement day. 2. All unused loaned shares shall be reported to FINRA by end of the settlement day. 3. FINRA shall make public the outstanding unused loaned share(s) by end of the settlement day of a trading week. 4. All threshold securities sho regulation shall be reported daily with a full accounting of fail to deliver end by end of
