Make "accurate" reporting of stock market trades a legal requirement.

Rejected 21 signatures

What the petition asks

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?

Why it was rejected

It asked for something that is not the responsibility of the UK Government or Parliament.

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:

https://www.fca.org.uk/markets

Timeline

17 Jul 2018	Petition opened for signatures
27 Jul 2018	Rejected by the Petitions Committee

Key facts

Signatures 21

Status Rejected

Rejected 27 Jul 2018

Follow this petition