February 22, 2022
subject File Number S7-05-22
With Respect
To Mr. Gary Gensler SEC Chief
During your Nov. 4th Speech you said the following,
\" At the SEC, we follow the facts and the law, wherever they may lead, on behalf of investors and working families. That means holding individuals and companies accountable, without fear or favor, across the approximately $100 trillion capital markets we oversee.
It is critical that our enforcement program have tremendous breadth, be nimble, and penalize bad actors so we discourage misconduct before it happens.
That means bringing cases that matter to our three-part mission whether deceptive conduct in the private funds space, offering frauds, accounting frauds, insider trading, market manipulation, Foreign Corrupt Practices Act cases, reporting violations, or fiduciary violations.\"
SEC chief Gary Gensler wants to bring the publics trust back to the stock market, We are all for that.
The last pole I read said 60% of investors know the system is rigged and 40 % of the not invested also
know its rigged so they don't invest.
Finance is ultimately about trust, said Gary Gensler, chairman of the U.S. Securities and Exchange Commission, in an interview with MarketWatch. BLOOMBERG
Dear Sir.
Dark pools are predatorial strategies used by so called market makers and hedge funds, Banks and brokers. Its the largest commercial fraud in U.S. history. It's illegal short and distort selling activity, we all know its going on and has been for some time.
2006 Cramer was in an interview and admitted to these activities its on line see link.
https://www.youtube.com/watch?v=jIfixbq_u0Q
Jim Cramer, 2006 discussion about tricks to manipulate the market.
SEC chief Gary Gensler wants to bring the public's 'trust' back
Short selling and phantom shares needs to be dealt with, require brokers automatic buy in at the end of the day to cover short positions, or get rid of Short Selling.
Per. Gary Gensler
I think the problem is, right now, the public isnt well protected and theres a lot of folks who are going to get hurt.
Gary, Folks have already been hurt and now The most promising drug for Alzheimer's in History is being Naked shorted by Hedge Fund managers and Brokers. So called Market Makers are sacrificing your Family Members that have Alzheimer's.
The SEC could cripple Robinhoods business model by enforcing existing rules, experts say.
It's not a fair market when corrupt hedge funds and the major brokers have dark pools they can manipulate a companies SP
SEC needs to (halt) turn off the dark pools we want fair and real price discovery in our market. The SEC Has the rules: they need to use them and enforce it.
We are loosing innovative companies and jobs to make Hedge Funds like Cramer and Citadel rich. And they brag about it, this insult to injury is unacceptable.
They are Shorting America and stealing money from retail investors, there in no other way to look at it.
The Failed to Deliver shares is evidence that shares are being sold and failed to deliver. For the size of the floats they are high. There is no way for us to know how many phantom shares exist they pass them, lend them, move them
off shore, its the perfect Shell Game.
With all due Respect Sir. I hope and pray Your Word is your Bond, I hope you have the integrity you seem to in
your speeches, and you follow through with your Word.
I'm worried about our Country and you can fix an important part of it.
Thank you so much if you read this personally,
Please be part of the solution, its important.
Best and Kind Regards
Daniel Brooks
So I support real changes to bring back honesty and integrity to the Market.