I think the current system of allowing financial institutions to transfer their short positions is highly ineffective and damaging to the stock market as a whole and must be stopped. If parties involved in shorting companies cannot cover their positions after failing to deliver in the already existing time periods and have passed the fail to deliver threshold list requirements I think they should automatically be margin called and forced to liquidate their positions. These large financial institutions need to experience financial consequence. After all it’s we the taxpayer that have bailed them out several times. Let them fail. Other forms will fill their void and hopefully better service their customers.
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Anonymous-MM Comment On Regulatory Notice 21-19
I think the current system of allowing financial institutions to transfer their short positions is highly ineffective and damaging to the stock market as a whole and must be stopped. If parties involved in shorting companies cannot cover their positions after failing to deliver in the already existing time periods and have passed the fail to deliver threshold list requirements I think they should automatically be margin called and forced to liquidate their positions. These large financial institutions need to experience financial consequence. After all it’s we the taxpayer that have bailed them out several times. Let them fail. Other forms will fill their void and hopefully better service their customers.