As an international investor, I would like to see the following changes: 1. All short reporting (naked or otherwise) should be reported on a daily basis. 2. If a particular entity shorts a stock more than 5% it should be reported just like long positions. 2. Shorting a stock above 30-40% should not be allowed due to share dilution it causes.
This is [REDACTED]. It's like you at the real casino, you cant cashout or leave until the next day unless your bank account has $25,000. This is pure discrimination for people that dont have 25,000$ in their bank account. This PDT [REDACTED] protect no one, i used to get cash advances from credit cards balance transfer to maintain over 25k in my brokerage account, then i took out 50k loan
With all due respect, your current rules are useless and are easily ignored and/or side-stepped. There is no transparency in the sector concerning shorts. Numbers are self-reported and easily manipulated, hidden, or misrepresented. Without mandated, accurate, and daily transparency of short data, the entire stock market is subject to malfeasance. The retail investor, as well as institutional
As a college student who works for near minimum wage, saving for my future, no matter how frugal, amounts to very little. Since investing, leveraged stocks have given my capital a turnover that puts my financial goals on track, given due diligence. Banning leveraged stocks would be another financial avenue closed to the working class, who simply want to save for their own home.
The naked shorting needs to be stopped. No one has confidence in the American stock market and I don't want to see it wrecked by shady institutions. Everyone will lose if this happens. Please do the right thing and make the stock market work like it should to be am outlet of wealth growth for everyone. Thank you for the opportunity to offer feedback.
FINRA’s Financial Intelligence Unit (FIU) and Vulnerable Adults and Seniors Team (VAST) are issuing this Threat Intelligence Product (TIP), which provides an overview of FINRA’s observations regarding the vulnerability of senior investors to investment scams, the devastating consequences for the victims and the importance of education about financial scams to prevent initial victimization and re-victimization.
Inverse leveraged ETFS have helped me to hedge my long term stock investments. I have been warned to not hold them for long, and I can use a trailing stop to avoid big losses. Because of these products I dont panic in a sell off, and I can continue to hold my stocks and collect my dividends. Please dont take these tools away because of some reckless traders.
Having traded futures, metals, South African gold mining stocks, and a long-time investor in coins and bullion. I know of the risks of buying leveraged and inverse funds. Please do not limit or complicate my ability to make these purchases as I wish. Right now i am short the stock market with DOG and short intrest rates with TBF; Also long with oil holding USO. My money - my decisions!!!
It is strange that there is always 'new' regulations but how about ENFORCING the current regulations? Citadel, for one, keeps shorting stock with phantom shares. SEC has been informed but just like Bernie Madoff they ignore all information. The stock market is a joke and is NOT a free market. It will be sad when retail folk start pulling their money out of the market!
Dear FINRA REGULATORS:
As a registered rep. for Hornblower & Weeks at 40 Wall, NYC, in 1960 and later at their uptown offices on Park Avenue at 50th, I became a devotee of Elliot Wave Theory and Edwards and Magee's Tech Stock studies. I had several times visited the packed, busy floor of the NY Stock Exchange on Broad Street, which today is virtually barren of human life.
