First of all, stop pretending like Finra doesn't know how corrupt and rigged the Stock Market is especially given the fact that Finra facilitates and encourages such behavior at the expense of the retail investor. Yes, Finra facilitates and encourages such behavior contrary to the statements made on their "About" page which I will provide some examples as proof. 1) Fail-to-deliver
To me, it is absolutely absurd that short positions are not required to be reported. If you require long positions to be reported, why shouldn't short positions? It seems as though the regulators are far too concerned with keeping the status quo and are letting hedge funds run wild, in a largely unregulated portion of the market. We have seen numerous short squeezes this year arising from
There isn’t ANY transparency within the market. Dark pools need to be GONE. SSR needs to be enforced much more strictly. FTDs need to be enforced without delay. The hedge funds leash is way too long. The fines are a pittance compared to the money made by bad actors..They laugh at regulatory agencies and see the fines as a cost of doing business.,
These fines need to be raised! It's not fair that someone can net millions in undisclosed naked short positions and only be fined 10k for ruining a company! That's very suspicious for FINRA as you figured that was satisfactory. Every Short positions NEED to be disclosed and accounted for to stop the manipulation in the market! I'm also not so sure that the dark pool is a reputable
The short selling as a business action to "bet" against what is considered a failing business is understandable. It's when a company uses various tricks in the market to create more shorts than should actually exist, IE naked short selling. Various people that are not apart of the regulatory system have proven such naked shorts exist and yet the system set in place does nothing to
1. Require shares to be acquired before they can be sold. It is ridiculous that today shares are often not even located or are only located before actually being sold. Borrow the shares first, then sell them. 2. Better tracking of borrowed shares. It is ridiculous that shares can be leant out multiple times (often because they are only 'located' and not actually obtained before allowed
T+0 reporting of short interest. No using the options chain to push FTD's past the original settlement date. Restrict the use of dark pools to trades larger than %5 of the float. Generally enforce existing rules in good faith.
I am a fairly new retail investor who got into the market with an interest at the time I saw as positive and opportunistic. After experiencing, first hand, how the market actually works and facilitates abusive naked short selling - that interest has turned into cynicism. What I would like to see, personally, is FINRA to enforce existing rules in a manner that actually seeks to stop market abuse.
Naked shorting illegal. Excessive FTD are punished. SSR actually enforced and shorting cannot be done in dark pools. Price manipulation banned. When buying volume is higher than selling volume, the price should NOT be going down. Please look into and start enforcing fair market trading. Thank you.
