Eliminate dark pools Fines should be greater than the profit hedge made from the illegal activity Jail time is needed for market manipulation. Short positions should be forcibly closed out if illegal market manipulation is found and trading rights of those involved should be revoked. Shorting taking place in the dark pool needs to be disclosed to the public. If an institution buys shares in the
Hello FINRA, I saw you are looking for comments on 21-19, regarding short positions. As I see it, the current US market is full of nothing but fraud, with the regulatory agencies being complicit. They are complicit through their complacency, with years of unchecked fraud and market manipulation through naked short selling by large hedge funds like Citadel and Susquehana being allowed to happen
If short sellers can lower the price of a stock, they must be bound to honor the transaction. Through numerous holes in the system, short sellers are able, without serious legal or financial repercussions, to drag out settlement (apparently) indefinitely or avoid settlement altogether. Utilization of such settlement avoidance techniques is a violation of Federal law. That is, crimes -- a (RICO)
Let me begin by stating I believe the apparent inability to administer existent provisions regarding shorting and naked shorting demonstrates a gaping hole in the system. FINRA and all related regulatory bodies have ignored the scams played by the hedge funds in hiding their activities as well as permitting a hedge fund to be the major market maker in a security they intend to pummel and drive
I am a new retail investor but I have found quickly a strong sentiment of unfair trading practices and market manipulation by hedge funds that leaves retail traders at significant disadvantages. I appreciate the efforts on behalf of FINRA and the SEC to eliminate these events of malpractice by enforcing the rules that are currently in place, as well as, providing the public with more accurate and
Hello and good evening. I would just like to comment that it makes no sense why the market maker "Citadel" trades on the dark pool that they created not having to report any information while they look at every order we make. Investing in a company should not be playing against the house, this is not a casino, it is an investment for the better of our economy. FINRA (you) reported GME
Saw this comment in one of the previous comments so I decided to use the same verbiage. “ Hello FINRA, I saw you are looking for comments on 21-19, regarding short positions. As I see it, the current US market is full of nothing but fraud, with the regulatory agencies being complicit. They are complicit through their complacency, with years of unchecked fraud and market manipulation through naked
With all due respect "reporting" is a small part of the shorting problem. While I support more immediate reporting requirements, the issue is naked shorting, mislabeling of shorts (as longs), and other shorting malfeasance being used by market makers (i.e. Citadel and Virtu) to manipulate market prices and destroy market integrity. Fines are also the biggest joke. Citadel has been fined
The fact that we have to comment to get you to do your job speaks volumes. The whole world sees how corrupt the US stock market is. All trust has been lost. It was extremely easy to see the fraud and corruption happening, yet the media and politicians acted like they had no idea what what was going on. Boomers don't understand how the internet works. The attacks and lies were pathetic and
The reporting requirements of short interest and short positions has long been due for reform. Running rampant in the market has been illegal market manipulation of stock prices utilizing failures of short reporting, specifically regarding short-exempt shares, naked short-selling, short positions being reported as long positions, hiding failure-to-delivers inside of far out-of-the-money puts/
