First I would like you to read this thread: https://www.reddit.com/r/Superstonk/comments/o1sggl/the_hidden_shorts_the_correlation_of_ftds_and/ I believe that institutions are hiding the true number of short positions on certain stocks, that they are doing this using rehypothication, dark pools, and shady (fraudulent?) use of puts and calls. I ask that FINRA consider the following changes: 1. Institutions must report the true number of short positions on a regular basis 2. Institutions may not use rehypothication to open short positions exceeding the float of a stock. 3. Institutions may not use dark pools, calls, or puts to hide their short positions 4. If evidence is found that an institution has not reported all of thier short positions and are hiding them, that those institutions should recieve fines exceeding the monetary value of the short positions they have hidden. I stress number 4. It is clear that financial instutitons have taken the approach of paying fines as a cost of doing business. Criminality has become the norm on Wall Street. This must end. Fines should no longer be a slap on the wrist. Any institution that breaks the rules to do business on the market must not earn profit by breaking the rules. Thank you for your time.
Joshua Bauer Comment On Regulatory Notice 21-19
First I would like you to read this thread: https://www.reddit.com/r/Superstonk/comments/o1sggl/the_hidden_shorts_the_correlation_of_ftds_and/ I believe that institutions are hiding the true number of short positions on certain stocks, that they are doing this using rehypothication, dark pools, and shady (fraudulent?) use of puts and calls. I ask that FINRA consider the following changes: 1. Institutions must report the true number of short positions on a regular basis 2. Institutions may not use rehypothication to open short positions exceeding the float of a stock. 3. Institutions may not use dark pools, calls, or puts to hide their short positions 4. If evidence is found that an institution has not reported all of thier short positions and are hiding them, that those institutions should recieve fines exceeding the monetary value of the short positions they have hidden. I stress number 4. It is clear that financial instutitons have taken the approach of paying fines as a cost of doing business. Criminality has become the norm on Wall Street. This must end. Fines should no longer be a slap on the wrist. Any institution that breaks the rules to do business on the market must not earn profit by breaking the rules. Thank you for your time.