February 24, 2022
Thank you for finally addressing this critical issue of real-time settlement dates. This on-going manipulation has reduced the value of my retirement fund drastically. After 2008, although the DOJ convicted the two corrupt CEOs, there was zero restitution to the shareholders. I didn't invest in the stock market again for 10 years.
The delayed settlement period allows for unlimited manipulation. Particularly since my broker controls whether I can sell or not-the same one that is hiding FTDs, spoofing, PFOF, etc. To think AMC/GME is basically traded off the lit market, the majority on the dark pool, is an unfair playing field. The brokers are not holding to their fiduciary responsibility w/o conflict of interest while holding my meager, but important savings.
Self-governance is a joke. I am so grateful for, and in total support of, the enhanced regulations and enforcement. Your team is successfully engineering out the corruption and moving the markets forward with controls, audit standards, and traceability. I am grateful. You guys are brilliant I am in support of all regulations that improve market and corporate transparency.