Sarah Fightmaster Comment On Regulatory Notice 21-19
T2 settlement is ridiculous. There’s no reason that information can’t be gathered daily.
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T2 settlement is ridiculous. There’s no reason that information can’t be gathered daily.
The whole market is obviously being manipulated blatantly. This is unacceptable stocks like GME, AMC, MMAT and plenty others are being torn down by these manipulations, the media and fake accounts on social media and investment platforms bashing the stocks. Pay attention to this and you'll see it all
It's time that hedge funds and those controlling the market are punished just like the rest of us are. There is no accountability for these billionaires who continue to manipulate the markets and ruin companies that the people want to save. Stop with these tiny little fines and stop letting these people control what is supposed to be an open and free market! Just make things fair, that's all we're asking.
Short interest reporting needs to be completely overhauled if we want to stay the leading market in the financial world. The current self reporting approach is laughable, and the fines for "misreporting", or what I would call lying and stealing, are a cost of doing business instead of a punishment. We have the technology to track short positions like Japan is doing with Blockchain which prevents shares being loaned naked and rehypothecated multiple times and I believe that is where our market should go towards. We cannot have another situation like GME and AMC happen again.
1) Short interest data should be published daily. 2) Loopholes for hiding short interest with deep ITM options need to be closed for accurate reporting. 3) Self-reporting of positions needs to be cross-ckecked by independent audits periodically. It is really important you upgrade the reporting and also enforcement of rules, otherwise millions will lose faith in the legitimacy of the market and look to invest elsewhere.
The market needs to be totally transparent for ALL parties that use it. Dark pools should be regulated if not totally removed. FTD'S should be automatically enforced with no delay.
Something needs to be done about leveling the playing field between institutions and retail investors. With the technology available to us today it shouldn't require much effort for institutions to report their short positions on a daily basis, while also providing more detail in the public reports.
Makes no sense that shares I supposedly own can be loaned out and used against me and my best interest. Ridiculous
I want more transparency with hedge funds sharing the short interest as it always seams that the retail investors are always left in the dark here! Why can they fail to deliver options in the money abs never report then accurately or even buy them ever!!! It’s just ridiculous and needs to stop!
ENFORCE YOUR RULES. These rules don't mean anything if they're not enforced. And I'm not talking about giving Robinhood a 70m lawsuit, that's just the cost of doing business. The penalties need to be crippling to ensure that the rules are followed. Reduce the reporting period to daily. We live in the digital age, there is absolutely NO reason that this information isn't reported either immediately or at the close of business. Anything else is just an excuse to allow market manipulators to distort numbers and misinform. Get rid of dark pools... Why is that even a thing???