the question shouldn't be about updates on the subject, but why naked shorts arnt felonious to begin with! so why are naked shorts a thing is my comment.
The market has no transparency. Everyone was eager to let the "dumb" retail investors in but they stand no chance against hedge funds who operate illegally or on legally ambiguous ground. A lot of the laws made to protect them are not enforced. I would suggest no more dark pools, enforce FTDs quickly, and actually enforce SSR. The market is becoming a joke and no one will believe in it
I just have one question: are you done yet?
What I have witnessed over the past year or so that is going on with stock $GME and $AMC is on a whole different scale. I was new to trading until I got involved signing up with RobinHood earlier in 2020. During that time I wanted to buy in to $GME and was blocked from doing so "for my own protection." essentially missing out on hundreds of dollars or more. I have seen unknown entities
I would like to see the stock markets overhauled with a crypto blockchain style solution. Every share can then be tracked and identified with a unique token per coin. This could be created with specific user definable fields such as "shortable" where a user can specify whether or not his/her shares can be shorted. This could also enable a field to increment each time a share is shorted
Greetings, Not sure why FINRA has not come out with a report in the last three quarters, but the information it provides is completely valid and incredibly important to me as an individual investor. Also, I wish their was some working enforcement in place to discourage naked short selling and the unethical trade practices being used to manipulate a stocks true value.
Naked Shorting and Dark Pool access across the market have gutted the “fair trading market”. Judicial Action and Margin Calls are requested to commence immediately to concurrently and preemptively filter the malicious acts of hedge funds in the United States and it’s chains/conglomerates internationally. Establishing recently passed DTCC and SEC rules must be applied to all active applications
I would like the reporting of short positions to be public. Thank you.
Good evening FINRA, While these increased reporting requirements around the currently broadly abused short selling practices in the stock market (including naked shorting, mis-reporting longs as shorts, re-hypothecated shares, married puts/calls, and fails to deliver) are a step in the right direction, the proposed changes do not go far enough to provide transparency and fairness to the public. I
I agree with all your suggestions more transparency is definitely needed in this so called "free market". Instead of every two weeks why not daily or weekly. As a foreign investor the US market has a lot of issues that can be fixed with stricter follow ups on trades that happen.
