Short-Interest Reporting
Chapters in this video
- 0:00 The twice-monthly reporting cadence: the 15th and last business day
- 1:41 The 2-business-day deadline and 6:00 p.m. ET cutoff
- 2:27 T-plus-one settlement and a concrete March timeline
- 3:04 The unsettled trade trap: why execution date does not matter
- 4:47 FINRA reporting rule vs. SEC Reg SHO substantive conduct rules
- 6:18 Rapid-fire exam recap: cadence, deadline, settled positions, regulators
What this video covers
- Why short-interest reporting is bimonthly (twice each month), not monthly or weekly, and the two specific reporting dates
- How the T-plus-one settlement cycle interacts with the mid-month and month-end reporting dates
- Why the filing deadline is the second business day after the reporting settlement date at exactly 6:00 p.m. Eastern time (ET), not midnight or another cutoff
- What "settled" means for short positions and why unsettled trades or settlement failures are explicitly excluded
- The full scope of reportable equity securities, including listed equities, over-the-counter (OTC) equities, and securities not reported elsewhere
- The distinction between FINRA's short-interest reporting requirement (a reporting rule) and SEC Regulation SHO (Reg SHO) (a substantive conduct rule)
- Why perfect reporting compliance does not excuse a violation of underlying Reg SHO requirements, and vice versa
Read the full lesson, free
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