George Pichirallo Comment On Regulatory Notice 21-19
George Pichirallo
None
It’s obvious shorting has a role to play in today’s market, but also has huge potential to be abused! When very large Hedge Funds or brokers can leverage their short positions by buying shares in a dark pool it becomes predatory because those buys have no affect on market price. This allows short position players to hold short positions longer than they should. If a time or price restriction was out in place I think it would help alleviate these predatory and manipulative practices.
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
George Pichirallo Comment On Regulatory Notice 21-19
It’s obvious shorting has a role to play in today’s market, but also has huge potential to be abused! When very large Hedge Funds or brokers can leverage their short positions by buying shares in a dark pool it becomes predatory because those buys have no affect on market price. This allows short position players to hold short positions longer than they should. If a time or price restriction was out in place I think it would help alleviate these predatory and manipulative practices.