For far too long the stock market has been tilted/manipulated in favor of Wall Street. The issue is naked short selling. Despite being made illegal after the 2008–2009 financial crisis, naked shorting continues to happen because of loopholes in rules and discrepancies between paper and electronic trading systems. More often than you think great companies such as Clover Health. Clover Health was
What you should be more concerned about are meme stocks. Direxion and Proshares are good defined risk products.
I am 67 and semi retired, I have to work part time to make some extra cash so my bills can get paid. Have work steady since I was 16 and have raised my family and now take care of my 89 year old Mother. I have just recently had a few extra $$ to invest in some stocks to try and get ahead. In my studying it has come to my attention that the stock market is run by a bunch of crooks that steal
Investigate the corrupt hedge fund Citadel, involved in manipulating AMC stock.
On March 16, 2023, FINRA published responses to frequently asked questions concerning the MMTLP corporate action and trading halt (March 16, 2023, MMTLP FAQ). In that corporate action, the issuer decided that MMTLP shares would be cancelled and investors in those shares would receive a distribution of shares of Next Bridge Hydrocarbons, Inc. (Next Bridge). FINRA has continued to receive questions regarding the circumstances surrounding these events. In particular, some have questioned the level of short selling in MMTLP and suggested that there was a substantial amount of “counterfeit shares.” Although it is not clear what is meant by the term “counterfeit shares,” it has been used in social media when discussing “naked” short selling in a security and failures-to-deliver (FTDs). Some investors have expressed concern that, even though their brokerage account statements include shares of Next Bridge in their account, these shares may not have actually been delivered to their broker-dealer.
Why are “meme stocks” being allowed to be shorted when there are no shares to short?
I would like to have more transparency around what stocks are shorted.
Respectfully, Much of what FINRA is “considering” regarding the reporting of Short Selling, Reporting, disclosures, and transparency is all needed to protect not only retail investors both domestic and abroad, but to ensure there is confidence in the US stock market. A failure to close loopholes from hedge funds and create a fair and equitable platform where investors get “real” pricing, and
How can the hedge funds/MMs continue to illegally push the share price down using fake shares in dark pools outside the eye of the public and then kick the interest can it costs to do that down the road indefinately? Retail investors are getting screwed over by hedge funds at every turn and SEC is allowing the illegal manipulation to happen. What good is interest if it never gets paid? The US
There isn’t ANY transparency within the market. Would like the same information as everyone else. Dark pools need to be monitored and used for their attended purpose of large transactions that are approved or rejected by a third party. SSR needs to be enforced much more strictly. FTDs need to be enforced without delay. Actual substantial fines for FTDs, naked short selling to discourage illegal
