March 14, 2022
Please I am baffled with illegal practices of short selling synthetics shares without due checks by regulatory authority.
It is evidenced from supply and demand rule that prices must go up when demands outweighs supplies. I will focus on AMC traded stocks, retailers hold over 90% of the stocks as published on FINRA and other media, retailers are not selling, why is the price dropping heavily from high price of over $65 to $14?
I am of the view that enforcing transparency rules with immediate effect, would prevent synthetic shorting and other illegal practices in the market and foster appropriate protections for common man who cares about their own future and investing their hard earned wages.
Not only limited to legal shortings, but all synthetics to be published daily too. In addition, can the SEC ensure failure to deliver have a time frame to cover otherwise, it promotes illegal practices and could lead to financial global crisis of 2008. No one knows the volume of synthetic shares of AMC and GME as we enforce this regulations, but it is better done now and sanitise the market for trust and reliability
Thanks