Every share needs to be tracked. Every share should easily be accounted for and able to be located. If we are going to allow for share lending then only allow for the share to be lent once. Every order should be delivered T+2. If a fTD occurs there needs to be a steep penalty/fine ex: 10x cost penalty. Every short position should be updated with FINRA daily. Self reporting is a joke and unreliable. We also need to get rid of dark pool trading. It makes no sense that with some stock over 70-80% of the trading activity is occurring in the dark pools with no transparency.
Anonymous-MN Comment On Regulatory Notice 21-19
Every share needs to be tracked. Every share should easily be accounted for and able to be located. If we are going to allow for share lending then only allow for the share to be lent once. Every order should be delivered T+2. If a fTD occurs there needs to be a steep penalty/fine ex: 10x cost penalty. Every short position should be updated with FINRA daily. Self reporting is a joke and unreliable. We also need to get rid of dark pool trading. It makes no sense that with some stock over 70-80% of the trading activity is occurring in the dark pools with no transparency.