Naked shorts is illegal and fines don’t work. If a regular person goes to jail for illegal activities so should rich people. If you’re reading this you’re a regular person.
Naked shorting should be illegal. How can a company have more shares to purchase greater than what was issued by the company. This is fraud, deceptive and should be made illegal
Short interest reporting needs to be completely overhauled if we want to stay the leading market in the financial world. The current self reporting approach is laughable, and the fines for "misreporting", or what I would call lying and stealing, are a cost of doing business instead of a punishment. We have the technology to track short positions like Japan is doing with Blockchain which
Short positions should be reported daily. Any attempts by institutional investors to drive stock prices up/down (smear campaigns, fake DD, Spam/Ads) should result in fines that actually impact the guilty parties, not just a tiny percent of the profit from the illicit activities. There needs to be actual penalties for breaking the rules, or the so-called "free market" will ever truly
These fines need to be raised! It's not fair that someone can net millions in undisclosed naked short positions and only be fined 10k for ruining a company! That's very suspicious for FINRA as you figured that was satisfactory. Every Short positions NEED to be disclosed and accounted for to stop the manipulation in the market! I'm also not so sure that the dark pool is a reputable
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.
My comment on the rules is to actually enforce them. Honestly, take a look at obvious naked short selling and market manipulation. We the people have lost trust in a "free" market.
All shares should have a serial number. Block chain technology should be employed to track the movement of these shares. This would prevent any naked shorts both intentional, and unintentional.
My comment on the rules is to actually enforce them. Honestly, take a look at obvious naked short selling and market manipulation. We the people have lost trust in a "free" market.
Apes watch stonks daily and witness manipulation of the price. Surely the FINRA authorities have the ability to witness the same. Please stop NAKED SHORT SELLING and DARK POOL manipulation of price.
