Thank you for your time. Currently as it stands, there is too little information in true short positions. With a market makers ability to create synthetic shares for “liquidity”, at some point the true positions need to be accounted for. If a bank, a market maker, and or other parties can hide positions through layered securities like CDOs or swaps, there is no benefit to the market, only the
NEW FOR 2023
Regulatory Obligations and Related Considerations
Regulatory Obligations
Rules 203(b) (Short sales) and 204 (Close-out requirement) of Regulation SHO provide exceptions for bona fide market making activity. The SEC has provided guidance on what constitutes “bona fide market making activities” as well as examples of what does not; member firms must also confirm and be able to
Proposed Rule Change to Reinstitute Short Exempt Marking for Trade Reporting and OATS
Short selling is illegal. Whether large market makers and subsidiaries are in litigation or not the regulatory bodies have a duty to enforce appropriate corrections for an inherently manipulated market. Short interest position reporting should be instant IF even allowed which it shouldn’t be. All the regulatory bodies keep trying to distract the public by asking questions and posting on social
Funds need to report when they are short. Daily weekly monthly I do not care but it must be reported. If long positions and options need to be reported short positions should too. Beyond that any other positions should be reported. It is crazy what we all the rich elite to get away with. They make the rules and police themselves. So unfair, hence why the rich get richer and the poor get poorer.
Timely and accurate information accessible by all participants in the markets only make them better. Daily shorts by number of shares, , Stock borrowed, % of float short, FTD (and even FTR) and changes from last report in all these categories. As a dream data point for me: cost of stock borrowing. All this date is available daily except the only way to accumulate it is to PAY a company to provide
I believe that the fines applied are like pennys for these people who commit the crimes. The fines need to start at a huge % of the profits they have made off the retail investor. Synthetic shares should NOT exist at all but in this case they should be added to short interest %. Short interest and other information should be more transparent and we should have the same information they have at
The market rules need an overhaul. Penalties for failure to return shares should be steeper base on how much you're shorting. If someone shorting a stock for 100k, a ten thousand dollars fine seems reasonable. But if I'm shorting the stock by millions or billions they shouldn't be paying 10k for breaking the rules.. matter of fact they should not be breaking the rules in the first
I am a new retail investor but I have found quickly a strong sentiment of unfair trading practices and market manipulation by hedge funds that leaves retail traders at significant disadvantages. I appreciate the efforts on behalf of FINRA and the SEC to eliminate these events of malpractice by enforcing the rules that are currently in place, as well as, providing the public with more accurate and
EBS Submissions Following Implementation of the Option Symbology Initiative
