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Brian Unruh Comment On Regulatory Notice 21-19

- Stop illegal naked short selling - Change T+2 to T+0, retail investors should know what hedge funds know - Audits need to happen by regulatory agencies to ensure shorts and FTDs are not being hidden in options. - Punishments need to be severe enough to ensure it doesn't continue, and in a timely manner. - Large hedgefunds and Market Makers are run by the same company. They need to be broken up. - High frequency low volume trades done in dark pools are being used to influence stock pricing.

Sara Venice Comment On Regulatory Notice 21-19

Please investigate the dark pools it seems they’re not being utilized for the reasons they were initially put into place. Instead it appears to be a tool to manipulate volume and share price. FTDs need to be enforced without loopholes to wiggle through. Naked shorting has to be investigated! SSRs need to be also be strictly enforced. All in all, investors want trading to be a fair process for all not just for the hedge funds!

Frank Brown Comment On Regulatory Notice 21-19

FINRA should immediately move to require daily short interest reports. More and better information will allow for better price discovery, which is the whole point of markets. FINRA should also consider making rules that punish those who commit FTDs (Failure to Deliver). Market Makers should have their naked short selling exemptions removed or severely limited. Finally, FINRA should move to require real time settlement, or T+0. The current settlement period of 2 days has been shown to increase risk for both brokers and the DTCC.

James Cushman Comment On Regulatory Notice 21-19

This is great and all along with all the new regulations by the SEC, DTCC, FINRA, etc. However, these regulations are toothless in nature and are either not enforced by regulators who look the other way or they impose a very minimal fine that does not affect the institutions violating the law. There are a set of rules for the retail investor then there is a set of rules for market makers and hedge funds.

Jeremy Lewis Comment On Regulatory Notice 21-19

I have lost faith in the “fair and free market” these past few years have opened my eyes to see the cards are stacked against the average American. Huge funds are market makers which have them looking out for their own best interest. If they do get penalized the fines are nothing compared to the money they make cheating the system. I want transparency and just penalties for those who break the law.