Feb. 19, 2022
Although this reduces the settlement cycle which is a good thing I fear that this still isn't enough nor will it prevent the bad actors from continuing to use the settlement window as well as many other actions in their power to distort and manipulate the market. The delays in settlement in conjunction with conflicts of interest of the middle parties are undeniably the catalyst for the explosive events of the memestocks run last january. Things like dark pools, PFOF, best execution, naked short selling, settlement time, cellar boxing and many other variables and techniques have created a toolbox of weapons that corporate entities have been and continue to use to exploit and destroy small businesses and corrupt the market in their favor. The market's fairness and openness coupled with its availability to the general public as retail investors is supposed to be a productive and positive thing for the nation, its prosperity and its people. Instead it's a casino where the little guy is getting fleeced and the big guy can afford to pay the fines to keep fleecing him. The SEC needs more power and immediate action to actively know what's happening in the market and who the bad players are. https://www.investopedia.com/terms/s/settlement_period.asp Also it seems like it's entirely arbitrary and you could make the settlements instantaneous especially with blockchain so let's go already. Sources: https://en.wikipedia.org/wiki/Naked_short_selling https://en.wikipedia.org/wiki/Death_spiral_financing https://www.investopedia.com/terms/d/deathspiral.asp https://www.amazon.ca/Naked-Short-Greedy-Streets-Failure/dp/1910151343