Apr. 17, 2023
April 17, 2023 -this rule MUST BE APPROVED in order for the SEC to continue its regulation and enforcement of regulation on securities and exchanges. Since the advent and popularization of tokenization of securities by market makers and private exchanges, our stock market has been gamified and played like a casino now more than ever. Private exchanges have been tokenizing securities using crypto and rehypothecating them, using them as bogus locates for naked shorts, or otherwise just selling UNBACKED tokenized securities via crypto. It is sad that the SEC needs to propose rule changes to demonstrate that exchange in its current form needs to be expanded to include private crypto exchanges, but here we are. Private crypto EXCHANGES are tokenizing SECURITIES via crypto and using them for fraudulent activities. The SECURITIES and EXCHANGE commission should have direct regulation and enforcement authority over them.