Oct. 29, 2022
October 29, 2022 I support a rule that would result in the SEC and any other financial market regulator having the tools and intention to identify (to the public) all short sale data. My question is does this rule have any teeth? The nature of criminal activity is that the most innovative criminals are ahead of the regulators. There seems to be very creative ways to hide naked short selling. I believe there should be tighter oversight on failures to deliver. If I didn't (hope to) know better, it seems the system is set up for these complicated loopholes. It must be said that more transparency is needed. For any individual or institution in support of less transparency in financial markets, I would be suspicious of their actions and intentions. Even if caught and penalized, no person is held accountable and there is a small relative fine compared to profit, will this change anything or will the manipulation and crime be more blatant?