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.
increased reporting requirements around the currently broadly abused short selling practices in the stock market (including naked shorting, mis-reporting longs as shorts, re-hypothecated shares, married puts/calls, and fails to deliver) are a step in the right direction, the proposed changes do not go far enough to provide transparency and fairness to the public. Please consider providing all of
Hello, I have no affiliations with professional investing, I just started getting into it last year at the height of the pandemic. With that said, there is an obvious disregard for being truthful about short selling due to recent events and am happy you re looking to retail investors to get their take. Either a daily or weekly report that is NOT self reported would be best. Self reporting seems
The current state the US market is full of fraud and manipulation. There is definitely a need for change. It’s a massive conflict of interest when a company is a hedge fund and a market maker!! All shares, synthetic and short, needs to reported daily and posted for retail investors. The market makers/hedge funds have all the information in front of them to make their informed decision. Retail
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.
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.
