FINRA 21-19 is a long overdue change. A free and fair market is a strength of the US and it is obvious the integrity of those markets has been strained this last year. Part of that is due to FINRA's outdated short interest reporting policy. Even with some of the proposed changes in 21-19, there are still some gaps that do not account for synthetic shares that should be addressed as well. There were specific securities that have had their entire float traded multiple times over this year. How? It is critical for the US and the world to have stability in the US markets and confidence that people behind the scenes are not gaming investors and our system for quick profits.
Jason Acevedo Comment On Regulatory Notice 21-19
FINRA 21-19 is a long overdue change. A free and fair market is a strength of the US and it is obvious the integrity of those markets has been strained this last year. Part of that is due to FINRA's outdated short interest reporting policy. Even with some of the proposed changes in 21-19, there are still some gaps that do not account for synthetic shares that should be addressed as well. There were specific securities that have had their entire float traded multiple times over this year. How? It is critical for the US and the world to have stability in the US markets and confidence that people behind the scenes are not gaming investors and our system for quick profits.