Submitted on Tuesday 17th July 2018
Rejected on Friday 27th July 2018
Current status: Rejected
Rejection code: irrelevant (see below for details)
Make "accurate" reporting of stock market trades a legal requirement.
As a private investor I am routinely frustrated by the mis-reporting of trades on the stock market (buys often reported as sells and vice versa). There is no technological reason information should not be correct. It simply serves to deceive small investors leaving them at an unfair disadvantage.
Market makers routinely drop / rise the bid and ask on traded stocks so that the "reported" trade falls above or below the mid price, which is what the broker uses as a guide to report any given trade as a buy or sell to investors. Everyone knows that this manipulation of reporting is freely used to exploit investors, and yet this practice is allowed to continue without intervention by regulators. In what modern fair & transparent society should this practice be allowed to continue?
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
This is the responsibility of the Financial Conduct Authority, which is independent of the Government and Parliament.
You can find out more about the FCA's work here:
www.fca.org.uk/markets
18.223.158.132 Thu, 21 Nov 2024 13:57:43 +0000
