Regulatory Notice 21-19 addresses the general breadth of exploitable and ineffective reporting, they also leave significant gaps compromising the entirety of 21-19’s purpose. It is critical for the restoration of both the stability of the US markets and confidence of investors with in it that all regulation changes regarding short interest reporting be effective in every known circumstance where
Dear Sir or Madam, it has been long overdue to further regulate short sale reporting as short selling has primarily been used by the investment firms impacting the financial market of the United States the most of any parties. The lack thereof seems absurd when taking into consideration the false reporting of many facts by mainstream media such as short interest, highly opinionated company
FINRA Announces Amendments to Make Permanent the Pilot Program Increasing Positions and Exercise Limits for Stock Options; Effective Date: February 28, 2008
We all want fairness in the market. No more rules that protect big money from any culpability when taking advantage of access to market features that retail investors don’t have. Conflicts of interest such as market makers shorting stocks they hold the books for, t-2 settlement dates, 15 day short reports, and most importantly, darkpool order rerouting of retail investor buy orders must be
Short interest should have 100% reporting daily. T+2 gives an unfair advantage to hedge funds. There also needs to be transparency with synthetic shorts. They do exist and its also an unfair practice. Fines should exceed the amount of fraud or manipulation. Small slaps on the wrist do absolutely nothing. A 10 million dollar fine on manipulation that made a financial institution 80 million dollars
I want more transparency and greater reporting. I also want more regulation and action by regulatory agencies regarding the coverage requirements related to short interest and FTD.
All short interest and FTDs need to be reported on a daily basis. Individual investors deserve to know what is going on with their stocks, especially when the entire system is computerized.
The lack of transparency with short interest is triggering a crisis of confidence in the US markets. The uncertainty regarding systemic risk is creating a systemic risk in and of itself. The crisis is just beginning.
No more FTD. T-0 settlement, show real short interest in live, no more dark pool, if there should be a fine then fine them multi-trillion of dollars of jail time.
Finra 21-19 is crucial to the integrity of the US stock market. Transparency and equal access to data is essential. The current imbalance in reporting and reporting requirements is severely crippling. The unlimited risk of naked short selling should not be allowed in our country. Failure to deliver data and short interest should be reported daily. Monetary and legal recourse are the only way to
