May 6, 2016
My comment is this:
Why bother to publish this nonsense? On April 11, 2016, NYSE-ARCA, without giving any notice at all nor having submitted an application to do so, ceased publishing its daily aggregate short volume on its website, which just 7 years ago, it agreed to provide just as all other public exchanges continue to provide, FREE as per the agreement they all made, in exchange for money managers not having to report their quarterly short positions, and for which market makers were given an exemption which essentially decriminalized the act of naked short selling for them ...
ARCA raised their price however, from FREE to the public, to an astronomical $6000.00 to $12,000.00 per year for the public to obtain the information that had been free 3 weeks ago.
No notice was given....there have been dozens of complaints..and because there is no specific application, no one has any idea how to oppose this in any real way that makes sense...
So if ARCA can screw the public despite its agreement made with the SEC, without any notice, application nor punishment,....
then why the hell even ask for comments???
Even the link to comment within the notices takes you to a 404 error page
If you dont want the public to comment....
If you don't care what the public has to say...
If ARCA has free reign over the global economy, as it has now created a situation in which another naked short sale attack on our financial institutions is even more likely now that it had been in 2009, given the decriminalization of the very problem-abusive naked short selling- that caused the collapse of economies around the world just 7 years ago
Then why are you wasting everyone's time with this lip service of wanting public comments? Does it matter to any of you?
The study under Dodd-Frank that commissioned the Division of trading and markets concluded that publishing the information for free on thier respective sites versus releasing that information to FINRA and the Commission would serve the public best.
The concession itself was used as leverage to avoid a host of other regulations that were on the table at the time...
Now 7 years later the country is at risk again...
market makers have an exemption...
and if you think its under control, please explain the 300 million counterfeit shares that flooded the market in 2014-2015, of MNKD stock...the most abused of all ....and there were many more...CZR before that...I published a list of them every day...its out of control, and now, its secret again....
Give them an inch they take a yard...so give them nothing until they give back what they took....or you are just condemning all of us, to repeat 2009.