I would like to suggest taking power out of your own hands as self regulators. SROs are inherently corrupt and there is no way around apply a significant punishment to you pursuing your personal interests if it also you to police yourselves. Seems to me as thought Pharmaceutical industries are not the FDA, and you are supposed to be the ones protecting yourselves from stealing the money you are
The SEC and the government is supposed to oversee and check the hedgefund's activities and make sure that there no crimes such as naked shorting or dark pools going on.
This is is the 21 century I see no reason short interest can not be reported daily. I also see no reason it should not be. This would be one step towards making the market a more fair and safe place to trade. I would expect this in the basic opinion of the majority of all the comments you have. I would be interested in who and why anyone would be against this.
1. Enforcement should be as immediate as possible. 2. Transparency : Give detailed numbers, company names and extended information on your investigation. 3. Bigger fines. Let's be real. The fines you're giving are symbolic. What's even the point exactly? 4. Kinda unrelated but maybe the best way to enforce those ruled is for finra to cease to exist? And be replaced by a public
All of that should already be in place. Synthetic shorts are an illegal practice anyways, so reporting them would just oust the form doing them thus implicating them in a crime. But yes they should be reported; As the amount of synthetic shares could and most like does in fact dwarf the actual share count of a particular stock if the hedge funds are trying to bankrupt them. Examples being
Request more transparency. Retail investors should have visibility on all exchanges and they should be immediate. Current technology makes this possible. T+2 system is a relic of an antiquated system. The current system architecture puts all the advantage to large firms that have access to information that is either restricted or delayed to the retail investor. This obviously creates an un-level
Anytime reported shorting goes from a high percentage to a lower one without any sign of short squeezing and the price of a stock continues to drop, should immediately trip a signal to report for investigation. For instance, when AMC was showing a reported shorting percentage of over 18% on July 6th and then today, the 13th, the stock drops drastically and shows it’s now 15% shorted from borrowed
I approve of these actions. Especially, naked call selling with high amounts of volume. This practice is know as synthetic shorting. Its used by funds to drive down price on higher speculative stocks. All information on this info should be accessible to all.