Short Position Disclosure of OTC Markets Securitie
Post# of 9144
Posted On: 05/19/2015 6:53:51 AM
Short Position Disclosure of OTC Markets Securities
FINRA members are required to report their short interest positions in all OTC Equity Securities mid-month and end-of-month. Reporting of short interest positions provides transparency to the short selling activities by FINRA member firms, and reduces the risk of manipulative behavior associated with naked short selling. See FINRA Rule 4560.
Naked Short Selling & OTC Markets Securities
FINRA applies short sale delivery requirements to those equity securities not otherwise covered by the delivery requirements of SEC Regulation SHO. Regulation SHO applies to all securities of all reporting issuers, whether listed for trading on an exchange or quoted by OTC Markets. New Rule 4320 expanded Regulation SHO requirements for FINRA member firms to include non-reporting OTC Equity Securities quoted on OTC Markets. Together Regulation SHO and Rule 4320 limit the possibility of abusive naked short selling in securities quoted by the OTC Markets. See FINRA Rule 4320.
There are the FINRA rules to be followed. reduces manipulative behavior & limits the possibility of abusive naked short selling. Therefore, the semi-monthly reports by the OTC Group stand as an authoritative source.
FINRA members are required to report their short interest positions in all OTC Equity Securities mid-month and end-of-month. Reporting of short interest positions provides transparency to the short selling activities by FINRA member firms, and reduces the risk of manipulative behavior associated with naked short selling. See FINRA Rule 4560.
Naked Short Selling & OTC Markets Securities
FINRA applies short sale delivery requirements to those equity securities not otherwise covered by the delivery requirements of SEC Regulation SHO. Regulation SHO applies to all securities of all reporting issuers, whether listed for trading on an exchange or quoted by OTC Markets. New Rule 4320 expanded Regulation SHO requirements for FINRA member firms to include non-reporting OTC Equity Securities quoted on OTC Markets. Together Regulation SHO and Rule 4320 limit the possibility of abusive naked short selling in securities quoted by the OTC Markets. See FINRA Rule 4320.
There are the FINRA rules to be followed. reduces manipulative behavior & limits the possibility of abusive naked short selling. Therefore, the semi-monthly reports by the OTC Group stand as an authoritative source.
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