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Matthew Davis Comment On Regulatory Notice 21-19

Matthew Davis
N/A

There is no reason all data from the stock market including short data isn’t transmitted in real time. This isn’t the 1920’s and also “family office” is a sham. It was created in the early 20th century and the rules governing them have never been updated. They should report like everyone else or be used as shells for market makers to hide short positions. Options should never be allowed to created synthetic positions. Create and algorithm that automatically detects naked short selling. This governing body is 20 years behind available technology to enforce rules and regulations. All you have to do is reference the failure to delivers report on AMC, compare it to shorts available in total, and how it has now landed on the threshold list. It’s because those are synthetic shares that can’t be covered, that how it got there. Always ask yourself this question in regards to illegal activity. If the ability or opportunity exists to do it (naked shorts, synthetic shorts) will someone be doing that? The answer is ABSOLUTELY. Never rely on an honor system because it only becomes honor among thieves.