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 the whole point of a Short Interest report to show how much Short Interest there is? Why in the world would you ever exclude all the Short Interest information unless it was for nefarious purposes? I am not sure if FINRA is complicit or useless, but the fact that FINRA is requesting comments on whether they should require full reporting speaks what a terminally broken organization FINRA is.
Brian Ochs Comment On Regulatory Notice 21-19
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 the whole point of a Short Interest report to show how much Short Interest there is? Why in the world would you ever exclude all the Short Interest information unless it was for nefarious purposes? I am not sure if FINRA is complicit or useless, but the fact that FINRA is requesting comments on whether they should require full reporting speaks what a terminally broken organization FINRA is.