March 14, 2022
Short selling should be banned. Why are you allowed to sell something you dont own?
Its not like shorting is being done with any responsibility, or real consequences. Unless the fine far exceeds the stolen amount, a fine is merely cost of business.
Retail is well aware of the predatory short selling, the dark pools, the high frequency cheating via PFOF. We are also well aware of how much fraud and back door business is being done specifically to fleece retail. This includes prime brokerages.
Im sure the SEC is well aware of the issues, but proposing MONTHLY reporting doesnt make any sense, nor help that much everything is automated now, the reports literally write themselves
DAILY short position transparency. Im sure those high frequency trading systems can spit out reports at a high frequency, no?
DAILY REPORTS, PLEASE. Level the playing field. Its 2022, everything can be done digitally, automated, there is literally no excuse here.
Susan