Jason

My concern is the evidence gap. A publisher, hedge fund, intermediary, broker, prime broker, market maker, and foreign entity may each possess different portions of the relevant record. Cross-border discovery can take additional time and will be subject to jurisdictional disputes. As a result, the public may see a report and a subsequent price movement without access to a complete, timestamped account of the parties’ funding arrangements, publication process and trading positions. issuers legal teams and investors need the right tools to be able to investigate : -publication-to-position timeline that states the limits of the available trading data. -source-by-source map identifying which records may answer particular questions. -mechanism for issuers to attach contemporaneous documents and responses to flagged claims. -Preserve of anomalies and contradictory evidence, so an investigation can be evaluated rather than merely amplified. The #MMTLP parallel is the difficulty of reconciling fragmented records which according to FINRA led to the U3. FINRA claims that blue-sheet transaction data alone cannot establish every beneficial owner or validate an issuer’s holder records. FINRA also distinguishes daily short-sale volume from an open short position with no data on foreign off exchange transactions.. Those limitations should be presented clearly, together with the additional records needed to evaluate an issuer’s corporate-action history. A PubCo CEO, needs evidence that can withstand serious scrutiny: traceable sources, disclosed assumptions, reproducible calculations me more. The wait is over.