Johnathan Schumacher Comment On Regulatory Notice 21-19
Johnathan Schumacher
N/A
Predatory naked short selling is the bane of healthy markets in this age. The tricks these funds use to hide these positions are unacceptable and frankly just plain cheating. SI reports are basically useless as all a company need do is simply report false data and pay a measly fine. There are too many holes in this ship and it is quickly filling with water. FINRA is largely toothless to stop this as the fines you hand out are minuscule in comparison to profits. All you are doing is taking your cut, the fines you give out need a few more zeroes before it hurts. As is, your organization is largely useless. If you don’t start handing out much larger fines it will stay that way, regardless of how complex your rules are.
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
Johnathan Schumacher Comment On Regulatory Notice 21-19
Predatory naked short selling is the bane of healthy markets in this age. The tricks these funds use to hide these positions are unacceptable and frankly just plain cheating. SI reports are basically useless as all a company need do is simply report false data and pay a measly fine. There are too many holes in this ship and it is quickly filling with water. FINRA is largely toothless to stop this as the fines you hand out are minuscule in comparison to profits. All you are doing is taking your cut, the fines you give out need a few more zeroes before it hurts. As is, your organization is largely useless. If you don’t start handing out much larger fines it will stay that way, regardless of how complex your rules are.