Robert Saylor Comment On Regulatory Notice 21-19
I like your suggested changes. More expedited transaction transparency from all participants is necessary to level the playing field and mitigate illegal activity.
For the Public
FINRA Data provides non-commercial use of data, specifically the ability to save data views and create and manage a Bond Watchlist.
For Industry Professionals
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
For Member Firms
Firm compliance professionals can access filings and requests, run reports and submit support tickets.
I like your suggested changes. More expedited transaction transparency from all participants is necessary to level the playing field and mitigate illegal activity.
I would love to see a more timely and accurate reporting of short positions. No-monthly isn’t cutting it. The manipulation happening right now with retail investors money is blatant and should not be tolerated. Recent events have brought to light how unbalanced and unfair the system is for retail investors that pay budgets for these government reporting and enforcement agencies. The market makers are hurting families and businesses in the United States and the only way to fight this battle is for transparency at this stage.
Please go to daily reporting so we the retail investor can be on a par basis with the big money hedge institutional investors. There is no reason short interest and FTDs can’t be reported and tracked daily with the current technology available.
Just want transparency in the stock market. I've only been in the stock market for 6 months but have learned so much by paying attention. Please address the use of dark pools by these market makers as they are possibly being used to funnel our share purchases so there's no impact on the price of the stock. I think we need new leadership in the SEC, also. Thanks for listening
Will someone look into the events that occurred with both $AMC and $GME Thursday, July 8th 2021? The SSR was triggered previous day on July 7th. It's my belief that there was obvious disregard to the SSR rule and was manipulated further, starting at 4:00 AM July 8th. Further transparency. PRISON not FINES.
(1) Lately I have seen time after time (failure to delivers) FTDS hit outrageous and unprecedented numbers SEC has fined market makers in some instances fractional fines of a percent to continue doing business. If this kind of activity is allowed, can I turn do the same? I would be more than glad to do the same if their's no disciplinary actions against this. (2) Naked shorting is illegal.
Proposals look great and I'm in agreement with all as they stand. Further comments: There's no reason why in a fast digital age reporting can't be daily, providing the most up to date information to everyone. Addition of synthetic shorts is a very welcome one. Further, there is speculation derivatives can be used in a way to make it appear a long position has been taken to cover a short position when in reality that long position is cancelled out by a derivative with a future expectation date. Effectively hiding the short position.
FINRA: First off, thank you for accepting commentary on this matter. We need more transparent markets. In the crash of 2008 - I watched TV talking heads (ex hedge fund managers mind you) telling people to buy BEAR STEARNS among my days of going to school and working three jobs getting my FINANCE DEGREE between that time. It took me forever to get a foot in the door because the lack of transparency allowed greed to consume EVERYONE who was not BAILED OUT or BUILT or SCHEMED or WHATEVER their way to benefiting from the 'DIP' back then.
More in-depth information should be readily available, and the loop holes that exist be closed or at least monitored better. Regularly audit the reported positions to ensure the self reporting is accurate and fine (or penalize in a way that will actually deter the same actions in the future) entities that misreport. This would include going deep to ensure that no shorts are being hidden in long options contracts, or mislabeled as long positions. Require that exchanges report failures to deliver and naked shorts alongside covered shorts.
Hedge funds, corporations, and other institutions have information and resources far beyond what the retail investor can access. Not only are these entities over leveraged compared to retail, some use their advantages to break laws and/or tilt the market in their favor. Incorrect marking of a position as long when their short. Continuous fail to delivers because of naked shorting. Trading in dark pools to further hide and complicate things. Plainly, it takes institutions who are supposed regulate too long to do anything and the fines are often too small to be effective.