I cannot get a handle on short interest and am hoping to get reports out faster, in addition the penalty for not reporting short position is not working. If a fund or person is underwater and would hurt to report their shorts they wont and do not and take the penalty as a slap on the wrist and ignore the law. I need more transparency in the market to feel a real trust and unless some action is
Short Sale Reporting must include all open short positions, such that FINRA and the public can have an accurate and complete understanding of how many shares have been sold short for a given security. Without this transparency, FINRA and SEC rules and laws will continue to be broken, without accountability and faith in the US markets, as a whole, will continue to be eroded. I submit that FINRA
It is in the public's best interest that hedge funds are NOT allowed to short, or delay communicating their shorts, or hiding them in dark pools or married puts to prevent covering. At the end of the day, it's the American people that end up paying for their dirty deeds, either by losing their companies/jobs/pensions. This is and is legal robbery!
Short interest reporting enhancement is needed
I support this effort to improve the accuracy, requirements, and meaning behind the short interest metric. A more expansive reporting requirement that captures synthetic short positions would allow FINRA to be better able to understand market participants’ short sale-related activity. As synthetic short positions provide equivalent exposure, information on them may also provide investors and
Short interest reporting should be instantaneous. Not sure why the reporting on SI and other short positions data is so delayed and unreliable but for the market to be fair, both sides of positions need to see all data equally for manipulation to be in check. If changes to short data being made available publicly and in reasonable times then I fear the market will never be fair and retail
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Executive Summary
On February 5, 1997, the Securities and Exchange Commission (SEC) approved an amendment to the Automated Confirmation Transaction (ACTSM) Service rules (NASD® Rule 6130) to require all Market Makers to mark their ACT reports to denote when they have relied on the Market Maker exemption
Please implement the following amendments: (1) modifications to its short interest reporting requirements (Rule 4560); (2) a new rule to require that participants of a registered clearing agency report to FINRA information on allocations to correspondent firms of fail-to-deliver positions; and (3) other potential enhancements related to short sale activity.
Please implement the following amendments: (1) modifications to its short interest reporting requirements (Rule 4560); (2) a new rule to require that participants of a registered clearing agency report to FINRA information on allocations to correspondent firms of fail-to-deliver positions; and (3) other potential enhancements related to short sale activity.
To whom it may concern at FINRA, I am not a very eloquent person, so please note that I have taken bits and pieces of comments and copy/pasted them. Just because I have not articulated these thoughts myself, does not mean that I am any less passionate about the proposed rule changes. Since beginning my journey as a retail investor and learning more about our financial systems I have lost complete
