Synthetic Shorts should be reported. Naked shorts are already illegal but with what we've been seeing on AMC and GME stock, and probably many many more stocks that just haven't been scrutinized like these two favorite stocks of mine. There needs to be something done to better make naked shorts "synthetic shorts" no longer performed by more than just a fine. These organizations that perform synthetic shorts should not be doing these as they enable them to short stocks continuously. There's literally nothing that should make our favorite AMC and GME stocks fall like a rock when there's so many people holding the float and not selling.
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Jason Cory Comment On Regulatory Notice 21-19
Synthetic Shorts should be reported. Naked shorts are already illegal but with what we've been seeing on AMC and GME stock, and probably many many more stocks that just haven't been scrutinized like these two favorite stocks of mine. There needs to be something done to better make naked shorts "synthetic shorts" no longer performed by more than just a fine. These organizations that perform synthetic shorts should not be doing these as they enable them to short stocks continuously. There's literally nothing that should make our favorite AMC and GME stocks fall like a rock when there's so many people holding the float and not selling.