No individual or entity should be able to create naked shares to the tune of 200% of the float. Also THE T-35 for fail to deliver Needs to be reduced. To 2 days. Like all trades do. FIX THE RIGGED SYSTEM.
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Executive Summary
In 1994, the National Association of Securities Dealers, Inc. (NASD®) Rule 3350 (Short-Sale Rule) was adopted to stop market-destabilizing speculative short sales in Nasdaq National Market® (NNM) securities. To prevent this conduct, the Short-Sale Rule
INFORMATIONAL
SEC Approves Proposed Rule Change
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Executive Summary
On November 17, 2000, the Securities and Exchange Commission (SEC
You need to stop the endless cycles of Fails to Deliver (FTD). Force institutions to settle their positions. Otherwise they can hide all their naked positions forever until they bankrupt their targeted company. Enough is enough. Stop the endless FTD cycle.
This market should be transparent. Reporting should be daily minimum... ftd's should be delivered... naked shorts(illegal) should be covered..fake shares can't be tolerated.... jail must be the penalty...... price manipulation should not even be possible let alone tolerated. All shares should be real shares.
Please enforce margin calls and share threshold listings. Enough is enough Hedgie funds need to pay debut just like the rest of us. Naked shares cancel that. Not allowed to trade in dark pools cancel that. System is no where close to fair for retail traders.
Guidance Relating to Firm Short Positions and Fails-to-Receive in Municipal Securities
Dark pools should be monitored and enforced with sanctions (suspensions) to prevent abuse which adversely impact true equity price and unfairly advantage market makers. FTD need to be enforced and not delayed with swaps and/or complicated moves not afford to the public. Naked Shares should be banned to prevent fraudulent resale of equities.
<p>Short sales by options professionals established during the course of bona fide market making activities are exempt from the affirmative determination requirements, regardless of whether the short sales constitute a permitted offset under Regulation T.<br />
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Transparency is essential to our “free” markets and recently implemented rules & regulations mean NOTHING without enforcement. I am sickened by the lack of accountability of our government officials and how naked short-selling and other egregious behaviors have continued for far too long by Hedge Fund institutions with ZERO considerations “paid” to retail investors.
