The Best Execution, Outside Business Activities and Private Securities Transactions, Private Placements, and Reg BI and Form CRS sections of the 2023 Report on FINRA’s Examination and Risk Monitoring Program (the Report) informs member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations, including (1) regulatory obligations and related considerations, (2) findings and effective practices, and (3) additional resources.
SEC Approves Amendments to Equity Trade Reporting and OATS Rules
21-19 is a step in the right direction. That being said, IT IS NOT ENOUGH! Far more must be done to expose the corrupt practices utilized by bad actors in the market place. Yes I mean selling shares that do not exist case in point AMC! WITH APPROXIMATLY OVER 1 BILLION SHARES SOLD SHORT! LOOK INTO IT! CITIBANK HOLDS 510 MILLION SHARES FOR FORIEN INVESTORS ALONE. yes do implement the 2119 rule
FINRA and ISG Extend Effective Date for Certain Electronic Blue Sheet Data Elements
The companies reporting short interest have been shown to not follow the rules and hide their short positions in various ways. There is no good reason that any information related to the financial system should be left up to self reporting. All information should be submitted and stored automatically as transactions are carried out and it should all be of public record. This record should be
Retail traders have to follow the rules, its a skewed system where large funds are able to trade shares under the table outside of market pricing. "dark pools" need to be completely shut down. Every share needs to be accounted for, naked shorting is an unfair advantage and also needs to be reined in. Every transaction, long or short needs to be reported and logged, there is no question
Shorting is a fundamental part of the free market, but surely naked shorting of any kind be it physical stock, bonds etc should carry such a severe penalty that hedge funds thinks twice before going down that path. Hedge funds should be playing by the same rules as anyone investing in the markets, it should be free and transparent for all participants. The SEC has turned a blind eye for to long
As a retail investor I would like to say I’m disgusted at my findings along with the “apes”. Now the media is covering the issues with naked shorts, dark pools, price manipulation, etc. What a time time to be alive. I as many other expect the right thing to be done and allow a free and fair market for EVERYONE. Make everyone accountable for whatever rules they broke. If the roles were reversed,
Transparency in the market! Frequent monitoring of naked shorting especially from Citadel who is a Market Maker and Hedge fund which is a conflict of interest. START ENFORCING RULES! MAYBE SEC SHOULD DO THEIR JOBS AND STOP WITH THE PETTY FINES! HEDGEFUNDS AND MARKET MAKERS SHOULD FACE REAL CONSEQUENCES JUST LIKE THE REST OF US NO ONE IS ABOVE THE LAW OR SO I THOUGHT PROOF ME WRONG AND DO YOUR
As a Country, we've lost confidence in the free market of the United States of America. My suggestions would be: T-0 real time settlement FTD's forced to deliver per the regulations Enforcement of illegal naked shorts that have decimated retail's portfolios for decades. Increased scrutiny of dark pools (some of these stocks are being traded 60% in dark pools) Elimination of being
