Bilal Dia Comment On Regulatory Notice 21-19
Please help us stop the naked shorting and the synthetic shares
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Please help us stop the naked shorting and the synthetic shares
Hedge fund companies illegally naking shorting of AMC stock is making a mockery of our economic system. You need to restore order.
- 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.
There is a ton of malpractice going on in AMC’s stock as you know from the hedge funds and market makers. A good start would be doing away with dark pool trading. Thanks for any help in the future.
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!
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.
This is absolutely Illegal and they have been doing it for years. Please make the Free Market "Free" again and give everyone a fair chance.
I work very hard every single day to get extra money to invest into stock market. Why in the world should the market lean towards the rich [REDACTED] that rob us everyday. They should be in jail darkpools gone I'll pay for my orders again. Naked shorts need to be forced close RIGHT NOW. DO YOUR JOB SEC
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.
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.