July 24, 2008
Why in this age of electronic trading are short sales only reported to the public twice a month? This is ancient history in these nano-second markets. I would propose to indicate short sales on the ticker with a super-scripted "S" or some other indicator. We need real time reporting of what is really going on in the market. Why can't we know at the end of a trading day how many shares were shorted? There will be no investor confidence without transparency and equal rules for all. When we read about wall street bonuses we know it was skimmed of the backs of investors. Give us an equal playing field and let the "professionals" fend for themselves. Naked shorting should be illegal period. Why give so-called market makers an exemption? If they are so good at their jobs they will have the inventory or arrange to borrow it ahead of time.