The sale of a call option and purchase of a put option with the same expiration date and strike price provides equivalent exposure to the price of a stock as a short sale. Despite this equivalence, this synthetic position does not currently create a short position that would be reportable under the current version of Rule 4560. The extent of use of this and other types of synthetic short
Finra Question 1: What implementation period would be appropriate to provide members with sufficient time to make the systems changes necessary to comply with this requirement? My Answer: Change needs to happen as soon as possible Finra Question 2: FINRA is considering whether daily or weekly short interest position reporting would be preferable. What are commenters’ views on the preferred
I would want all the of these actions implemented and a DAILY accounting of it in both graphing and table form made available for public consumption. I believe that short positions are a part of the market's functionality. However, only 1 level. That is, a true 1-to-1 correspondence of short to stock share. The delivery date MUST be cut down to 1 day without a 'kick-the-can' down
To Whom It May Concern, I believe FINRA themselves said it best in their proposal, "FINRA believes this information would assist FINRA in understanding the scope of market participants’ short sale activity, specifically regarding the use of less-traditional means of establishing short interest." My only question is why in the world has FINRA not required ALL short interest? Isn't
Hello FINRA, There needs to be way more transparency when it comes to short selling. It seems short sellers have endless loopholes that allow them to “hide” their true short positions. It certainly appears the lack of rule enforcement and lack of short sell information gives the hedge funds and MMs an unfair upper hand compared to retail investors. Fairness, enforcing rules and providing all
Retail investors do not typically have much to say during these critical junctures in financial history, but given the recent tumultuous events of the last year, and the potential systematic failures that can be eliminated by 21-19, I felt the need to lend my voice to the effort. Regardless of the viability of short selling as a legitimate investment strategy, the inefficacies introduced by short
This was my comment: The Reporting of Loan Obligations as Short Interest. Theory suggests that some participants are borrowing shares from ETF's to cover their existing short interest. This only results in the same exposure continuing to exist elsewhere in the market, in effect, the short position has not been closed, but rather, is moved off the books which affects the integrity on both
The Reporting of Loan Obligations as Short Interest. Theory suggests that some participants are borrowing shares from ETF's to cover their existing short interest. This only results in the same exposure continuing to exist elsewhere in the market, in effect, the short position has not been closed, but rather, is moved off the books which affects the integrity on both ends of the affiliate
To me, it is absolutely absurd that short positions are not required to be reported. If you require long positions to be reported, why shouldn't short positions? It seems as though the regulators are far too concerned with keeping the status quo and are letting hedge funds run wild, in a largely unregulated portion of the market. We have seen numerous short squeezes this year arising from
This was my comment: The Reporting of Loan Obligations as Short Interest. Theory suggests that some participants are borrowing shares from ETF's to cover their existing short interest. This only results in the same exposure continuing to exist elsewhere in the market, in effect, the short position has not been closed, but rather, is moved off the books which affects the integrity on both