Torries D Gunn Comment On Regulatory Notice 21-19
I support enhancements and change of rules, it's obvious that Citadel and other hedge funds have taken advantage of the rules of current systems
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I support enhancements and change of rules, it's obvious that Citadel and other hedge funds have taken advantage of the rules of current systems
Please follow through with this! It is absolute manipulation of the American way of what the hedge funds are doing along with whomever else is involved… thanks for your support!
Please stop the naked shorting, dark-pool secrecy, ladder attacks, spoofing, and all other manipulation within the market! Oh, and yes WAY MORE (Short) accountability needs to be implemented! The people are not stupid! We see what's going on and it is going to end up ruining our country! Why? Greed and Thievery!!!
There is an obvious lack of regulation when it comes to short positions. The regulation that exists does not offer enough punishment to deter unlawful actions. The threat of jail time would be a much better deterrent for fraudulent activity as compared to fines. Isn't this how it works for everyone, or just the lower classes? There are two currencies; money and time. Criminals can make their money back and laugh at your fines. The corruption of our "free and fair" market is slowly being uncovered. How are failure to deliver cycles allowed to be broken?
Why is a company like Citadel allowed to trade naked shorting, to the point that more than 100% of the company shares are sold.
Please make sure that the fines are enough to deter these predatory short sellers. If the fine is only minimal compared to the gain then people will continue to abuse the rule. Also a locate should always be required before a share is borrowed. It seems shares are being loaned out and not located.
Naked shorting should be illegal. How can a company have more shares to purchase greater than what was issued by the company. This is fraud, deceptive and should be made illegal
There NEEDS to be more transparency in the market, seems pretty clear the market is manipulated daily and no one wants do anything about it because the ones manipulating are lining others pockets. Dark pools need to be gone, there is no reason for them at all. Actual enforcement needs to be engaged, not simple fines while manipulation continues. New investors are disgusted with how Wall Street is and HAS worked for years.
A market is based on supply and demand. A stock market is based on supply and demand. The price on the stock market is normally made by buying and selling shares. Shorting is something else... like someone wants to see a company go bankrupt. In my view this is not the case if investing and the US need to stop allowing shorting. The short interest should not be self reported. That doesn’t make any sense because no one can trust Hedgefonds and their self reported datas because they would not indicate optimistic datas for investors who are long in the stock.
Financial regulation primary purpose is to both create a fair marketplace and create a public perception of a fair marketplace. To do this, financial regulation should work to eliminate uncertainty in the exchange process and work to eliminate volatility not due the fundamentals of the company who stock is being traded.