Apr. 09, 2021
You have my full support of SR-NSCC-2021-801.Transparency in all aspects of the stock exchange should not be optional. It should be mandatory.
This is for the sake of both retail and private institutional investors — but more importantly, transparency for foreign investors. If the world lost their trust in the US stock market, it would surely be a devastating loss for decades to come.
Individual retail investors should have full democratized access to all data that a hedge fund has access to during the course of a given day. If a company has a high or low percentage of short interest, we should be able to see daily updates so we can make more educated trading decisions. Why is it that retail loses so often to the “house”? We don’t have all the data and variables.
The reason why the finance industry looks down on retail investors is due to their apparent lack of “knowledge and sophistication”. We are left in the dark as major pertinent data (short interest!) is updated only twice a month. Meanwhile, the professional firms are able to update any information instantaneously during any moment of the day. The amount of other loopholes available (such as false statements or financial disclosures, dark pool trading, short ladder sequences, hiding shorts in ETF, etc) are staggering, but one at a time can be addressed as we clean up the system.
Those that seek to exploit the system for personal gain at the expense of businesses and their employees should be punished, and not rewarded. This would be a big step in the right direction in order to assure not only the US investors, but the world, that our stock market is trustworthy and full of integrity.
Thank you very much,
a concerned retail {redacted}