As a retail investor i’m strongly in favour if these changes to the gathering and publishing of data regarding short positions and the regulation of options based synthetic-share creation. These rules are a strong step forward in protecting the interests of everyday shareholders, those who invest the most, and have the most to lose when abuse, corruption, malfeasance, or negligence are allowed to
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 technology is available for T+0, we are fighting with companies who have the whole picture, yet we retail investors have to wait two days. We need more transparency, along with detailed rule enforcement, but overall we need more transparency, the retail investor knows that the tables are tilted towards the large institution. It is an unfair advantage.
Short positions should be made pubic knowledge as quickly as hedge funds can see retail investors order flow. We want transparency and accountability.
I request the following to be taken into consideration for addition to the proposed rule change: - Short positions held by market makers should require enhanced reporting. In addition, anytime an options contract is opened by a MM well below market value for the stock, the time of trade and involved party should be reported. - Incorporate ETF short interest in reporting requirements. - Require
There needs to be regulations and laws put in place to separate market makers from those able to make trades in the market. How is it a free market when retail investors clearly have a disadvantage compared to hedgefunds. People are losing hope in the market, especially because of what you’re allowing to happen with heavily shorted stocks such as AMC and GME.
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.
Enforce the rules. Stop cutting deals on fines because CEO's used to work there. Make the fines hurt, instead of just being a cost of business. Stop naked shorting, regulate the dark pool, margin calls on short sellers with of lots of failures to deliver like Citadel.
This was my comment: The Reporting of Loan Obligations as Short Interest. Theory suggests that some participants are borrowing shares from ETF's to cover their existing short interest. This only results in the same exposure continuing to exist elsewhere in the market, in effect, the short position has not been closed, but rather, is moved off the books which affects the integrity on both
Hi, The entire world is watching you. They see GME and AMC being shorted. They also see the FTD’s. You must show leadership through accountability and fairness. The American people will not bail out these hedge funds and market makers. Regards, Ali AMC Ape