Jeremy Cornell Comment On Regulatory Notice 21-19
Please make it so data is not hidden from the retail investor. Information is king and the only way to even the playing field is to have equal information.
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Please make it so data is not hidden from the retail investor. Information is king and the only way to even the playing field is to have equal information.
Hi Yvonne Huber, and Racquel Russell About myself I am a typical retail investor who has just began studying for the FINRA exams. Concerns/ Suggestions: 1. Please reduce the buy back period for Market Makers to T-0 this is the standard for other countries. 2. Please make the Fee for missing out on the T-0 5% of the FMV of the current price of the share multiplied by the number of FTDs and charge them this fee daily. Until SEC Rule 613 CAT becomes implemented, please create a Waterdown version of it and have a 3rd party auditor review it.
These shorts are manipulating the market so badly especially MMAT!!!! The SEC needs to work harder. Retail investors are bleeding real badly. We can all see the obvious manipulation and naked shares. Please do something to help us retail investors. They rich hedge funds are getting richer and us poor retail investors are getting poorer. The graphs show no sell off yet the price drops from $10 to $5.25?! HOW?!
Do your job! The daily market manipulation is right in front of your eyes. Naked shorting, FTD's, bs news articles paid for by HF's. We don't need to explain it to you. You are asking, because you already know the problem and just want to pretend you are trying to fix it. You are allowing fraudulent activity within and around the market to happen, and you just turn and face the other way. You better realize that if this isn't fixed, and the hedgefunds win this battle illegally, the US stock market will be destroyed for ever.
Transparency in every corner of financial reporting is REQUIRED... NO EXCEPTIONS! Any changes within short sale reporting should spread more transparency and penalties for inaccuracies whether, intentional or not should be heightened to maximum. Financial white collar crimes are not taken serious enough
I think when it comes to FTD's and naked shorting that the fines and punishments should be much more than what the companies failing are making in profit. These companies should be held accountable and have assets liquidated if they do not cover FTD's. Settlement periods should be removed. It shouldn't be a T+2 system. How is it fair to the retail investor when it dates days for us to get the right information.
I think any company that is an institution, a bank, a hedgefund, a brokerage or a market maker needs to have any of their orders routed through an order monitoring device before it's sent off so that they can no longer keep committing these society destroying crimes. Hypothecation, synthetic shares, naked shorting, naked long calls, falsely hiding puts by making them appear long, diverting traffic to dark pools so it doesn't affect the lit market stock price then dumping the sells into the lit marker to crash the price. The list goes on and on.... It's absolutely disgraceful.
Naked shorting is theft. Nip this in the bud, enough with technicalities and loop holes.
Transparency in the market and frequent monitoring of naked shorting. Start enforcing the rules we already have and the fines need to be steep enough to incentivize the Hedge Funds and other large investors to stop with the illegal activity. The fines need to be in the 10's or 100's of millions of dollars.
Please expose all the naked shorting.