Thaddeus Rudd Comment On Regulatory Notice 21-19
More transparency with the whole process more detail on short positions
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More transparency with the whole process more detail on short positions
You need to increase fines for non-reporting of short positions. The current plan is not even comparable to a slap on the wrist for the large hedge funds. It would more than likely hurt them less to pay the fines than to actually report on their short positions. As for the frequency of reporting, daily with full transparency in all aspects of the market would be appreciated but impossible. Also figure out how to either stop naked shorting or at least a way to report on the amount of naked shorting that takes place.
The world will be a financially better place once Citadel and their evil spawn are forced into liquidation.
I am writing to FINRA to comment today, pursuant to 15 U.S.C.A. § 78i, titled Manipulation of Security Prices, to prohibit manipulative and deceptive tactics that artificially depresses the price of AMC Entertainment and other securities in contravention of the laws of the United States.
Short sellers need to report there short positions just like long positions, puts, calls, etc. And just as often. Dark pool trading needs to be made illegal its not fair that one side of the market is made to disclose their position and the the other is not.
The fact that hedge funds can manipulate a stock with short selling stocks that are not even available is a crime that needs to be punished. This is not a new senerio but one that has been overlooked for a long time. Now millions of retail investors have realized the fraud and are demanding action. If this is not rectified the retail investor will pull out of the stock market as it is not a level playing field. The fact that a stock can have significantly higher buying than selling but continue to drop due to short selling is horrible.
There is no transparency within the market. End Dark pools. Strictly enforce SSR Enforce FTDs without delay. Make everyone, not some, play by the rules properly
The once a month short reports a a dis advantage to a ll traders. They can short more that 100% and we should be able to find out what the short interest is at will.
I just would like to say I can’t believe what is happening for the world to see. Blatant corruption and illegal dark trading that is being completely overlooked and ignored by the SEC and FINRA. We all see it, you obviously know about… how is this allowed to continue?
We need more frequent public reporting of short positions and more detail in those public reports. Naked shorting is illegal!!!