Anthony Grisanti II Comment On Regulatory Notice 21-19
Anthony Grisanti II
N/A
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 predatory shorting of companies (also, quite odd that the data we do have suggest that short interest increased in US retail stocks prior to the COVID restrictions, indicating that the hedge funds were betting on the retail market to fail). I feel that short positions, at base, are non-predatory; it's important to hedge your long position with short positions. But hedge funds, at base, are capital focused; most are willing to flaunt regulations often to maximize gains. This dichotomy is a condition of an unhealthy market. Level the playing field, and you'll see more competition and less oligarchs gobbling up little guys for cents on the dollar.
For the Public
FINRA DATA
FINRA Data provides non-commercial use of data, specifically the ability to save data views and create and manage a Bond Watchlist.
For Industry Professionals
FINPRO
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
For Member Firms
FINRA GATEWAY
Firm compliance professionals can access filings and requests, run reports and submit support tickets.
For Case Participants
DR PORTAL
Arbitration and mediation case participants and FINRA neutrals can view case information and submit documents through this Dispute Resolution Portal.
Need Help? | Check System Status
Log In to other FINRA systems
Anthony Grisanti II Comment On Regulatory Notice 21-19
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 predatory shorting of companies (also, quite odd that the data we do have suggest that short interest increased in US retail stocks prior to the COVID restrictions, indicating that the hedge funds were betting on the retail market to fail). I feel that short positions, at base, are non-predatory; it's important to hedge your long position with short positions. But hedge funds, at base, are capital focused; most are willing to flaunt regulations often to maximize gains. This dichotomy is a condition of an unhealthy market. Level the playing field, and you'll see more competition and less oligarchs gobbling up little guys for cents on the dollar.