September 29, 2006
Thank you for the further chance to comment on the Reg SHO changes.
If the markets are to be fair and equitable, why is it that the long trading strategies are exposed on a trade by trade basis, yet the short trading strategies are somehow sacred, and cannot be exposed for as much as 30 trading days after the events, and then just in block net change tally form.
Where do the SEC rules or code, or federal mandates give the commission the right to protect some large shorting participants in the market, while fully disclosing, trade by trade, action of their opposite side of the trade? I suggest no such mandate exists.
If you cannot find a mandate to protect the short side the SEC must cease hiding that side of the market.
Thanks you for reading this comment.
Donald Miller