March 11, 2022
Current beneficial ownership is being abused by those with the fiduciary duty to protect these investments. Shorting a stock is done with the intent to buy the stock back at a lower price. It is not in the financial interest of a shareholder to short their own stock, thus current custodial owners of stocks are acting within a conflict of interest by lending shares out to be shorted. This practice is destroying US retirement plans of unsuspecting victims. Much of our country cannot afford to retire and destroying their pensions, 401ks and IRA accounts will make working people work longer and become a drain on the overall economy as fiscal policy will pressured to protect retirees.