My comments are as follows: 1. The T-2 settlement period needs to changed to a T-0 or T-evening (the day of). The fact that retail investors have to wait two days, whereas institutional investors don't, violates a free and fair market. 2. Eliminate the loopholes and gaps in the rules that allow institutional investors to wait until T-35 and beyond to settle FTDs. For an example AMC and GME
Market manipulation and naked shorting is supposed to be illegal. But of course as we can see it's an everyday practice for hedge funds on a daily basis with a minor slap on the wrist if brought to light. How is it still possible for so much shorting to still be going on ?
There are countless things investors want changed in order to have a fair chance of succeeding in the open stock market without the mass manipulation and lack of transparency that is designed for the people to lose and the big institutions to take the profits. To put it simply, investors want accountability and enforcement of the current regulations. There are already many regulations in place,
I believe short interest positions need to be more transparent with mandatory declaration of short positions and frequent updates on those positions. after the fallout of "GME" having over 100% short interest, it shows that there is widespread abuse of the current short sale reporting which leads to major market and security instability
Rule 1. All short sale shall be reported to finra by end of each settlement day. Rule 2. Finra shall make public report the day to day short sale by end of settlement day or the trading week. Rule 3. All unused loaned shares shall be reported to finra by end of settlement day. Rule 4. Finra shall make public the outstanding unused loaned share by end of settlement day of a trading week. Rule 5.
The proposed amendment to FINRA 4560 is a laughable attempt at improving naked short selling internal control measures, actual regulatory action, or really any kind of further obligation on the part of the involved broker-dealers. There have been hundreds if not thousands of regulatory "actions" taken by FINRA related to short sale, and misreporting/misclassification of shorts. This
Hi Some considerations Shorting should only be allowed if the Stock has been pre-located , will an audit trail and consent of loan from Holder , not just custodian . If Shares are electronic they should should have a marker that will only allow them to be Loaned / Shorted against max 1 times. other wise if marker reflects share is already oan it wont be eligible. This makes a good motivation to
In my opinion... All investors from hedge funds, to retail investors to those considering investing in a stock should be able to see the exact same data that hedge funds, and clearing houses and brokers see. It should all be in real time and it should be free. This needs to include Dark Pool data. Short interest should be reported in real time, and the number of shorted shares should never exceed
Dear Madam or Sir, I support your proposal on the reporting of short sales. This hopefully makes the market a bit more transparent. Unfortunately, the market is predominantly run by hedge funds. My hope is in your hands. Kind regards from Germany Birger Christan
I would like to propose a fixed T+0 or T+1 settlement date for all shares. FTD's (Failure to deliver) are rampant in the current market structure and allows for adverse effects on price discovery. Enforce a T+0 or T+1 settlement for FTD's and this would saveguard price discovery and mop up shorting fraud without risking liquidity issues.
