Subject: Submit Comments on S7-10-21 Online Trading and Investment Platforms
From: Robert Evangelista
Affiliation:

Aug. 27, 2021

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I am a US citizen and shareholder in markets regulated by the SEC. 
Congress enabled the SEC to enforce ALL noncompetitive acts (anti trust, bad faith distortion, illegality, etc) that distort the market resulting in harm to the free market. 
In the presence of the following: my trades are not being executed for best price, my trading is being interfered with by third parties, and my equity holdings are being devalued by market makers that are counterfeiting shares through naked shorting, thus devaluing the true value of real shares I own -  I am harmed as a member of the public who is impacted by this distortion. 
I ask for enforcement of the rules to ensure & restore a fair market for individual investors by punishing banks that participate in over-leveraged synthetic shares that distort market prices and shareholder confidence. 





1.  Do you have one or more online trading or investment accounts? Yes, I have one or more accounts that I access online, either using a computer or a mobile app but I also access the account(s) in other ways (e.g., by calling or visiting in person).
 
 2.          If your response to Question 1 is Yes, do you think you would trade or invest if you could not do so online using a computer or using a mobile app?
No
 
 3.  On average, how often do you access your online account?
Daily/more than once a day
 
 
 4.          On average, how often are trades made in your online account, whether by you or someone else?
Once to a few times per month.
 
 
 5.          If you access your account online, did you have the account first, and only began to access it electronically later?  Or did you open the account with the idea that you would access it electronically immediately? 
I had a pre-existing account and downloaded an app or visited a website to access my account
 
 6.          My goals for trading or investing in my online account are (check all that apply): 
Save and grow my money for medium- to long-term goals
 
 
 7.          What would you like us to know about your experience with the features of your online trading or investment platform? (Examples of features are:  social networking tools games, streaks, or contests with prizes points, badges, and leaderboards notifications celebrations for trading visual cues, like changing colors ideas presented at order placement or other curated lists or features subscription and membership tiers or chatbots.)
Ease of access.  I like being able to engage regardless of where I am.  I can always be in touch.  I hate the lack of transparency from Robinhood and Webull - the fact that they monetize my information and feed it into arbitrage bloodsucking machines.
Sure they put bells and whistles on it, because you need flashing lights to get people's attention nowadays.  But people aren't investing in the market because of some carnival wheel you can spin on your phone.  They joined Robinhood or Webull because they were offered a free share.  That's it - pure and simple.
 
 8.          If you were trading or investing prior to using an online account, how have your investing and trading behaviors changed since you started using your online account? (For example, the amount of money you have invested, your interest in learning about investing and saving for retirement, the amount of time you have spent trading, your knowledge of financial products, the number of trades you have made, the amount of money you have made in trading, your knowledge of the markets, the number of different types of financial products you have traded, or your use of margin.) 
I am much more educated, involved and up-to-date with information, especially price and trading momentum.  I can monitor my accounts on the fly and I love that.  If I need to make a quick trade, I can do it sitting on the can at the airport.
 
 9.          How much experience do you have trading or investing in the following products (None, 12 months, 1-2 years, 2-5 years, 5+ years): 
  Stocks : 5+ Years
  Bonds : 5+ Years
  Options : 2-5 Years
  Mutual Funds : 5+ Years
  ETFs : 5+ Years
  Futures : 2-5 Years
  Cryptocurrencies : 1-2 Years
  Commodities : 5+ Years
  ClosedEnd Funds : 5+ Years
  Money Market Funds : 5+ Years
  Variable Insurance Products : 5+ Years
  Business Development Companies : None
  Unit Investment Trusts : None
 
 10.        What is your understanding, if any, of the circumstances under which trading or investing in your account can be suspended or restricted? 
I had no idea that a platform like Robinhood or Webull or etrade, or an intermediary like Interactive Brokers IBC could actually suspend my ability to buy a stock.  I had no idea that Robinhood was \"owned\" (through majority revenue source) by a criminal enterprise (citadel) that could pull the strings when they were in jeopardy of losing big money, because they were behind Melvin and the biggest shorting of stocks that were halted during a legitimate short squeeze.
 
 11.        What else would you like us to know  positive or negative - about your experience with online trading and investing? 
The whole GME and Robinhood experience has led me to read A LOT.  I have become so much more educated.  If Robinhood (and Citadel) didn't screw me out of profit on GME back in January, I would have NEVER read what I have read or learned what I have learned.  So Robinhood has inspired me to become educated, and to realize that the entire stock market is so far beyond corrupt and rigged, that it becomes unimaginable. 
The fact that trading gets halted to SAVE the CLEARINGHOUSES    While the investor, that stood to reap a huge winfall, was left holding the bag.  
And it made me realize that the reason the SEC isn't wrecking Citadel and Point 42 and Goldman Sachs, etc, is because they CAN'T wreck them.  Physically, mentally outmanned and outgunned.  And now I understand why, at some point, everybody that is in a high position at the SEC eventually leaves to join Citadel or some other monster firm.  You guys don't have the will to fight them, and you don't want to burn bridges .... while the politicians are bought and paid for by them.  so, now I get it.  Once I make my profits from my large bets AGAINST the market, I will take my profits and NEVER invest in a stock market again.  
BTW - I'm not some rube, living in Mom's basement.  I'm well-educated, mid-50's, successful businessman.  No conspiracy hat here.  Just an engineering mind that digs into data and facts.  And it is ugly.
The fact that naked shorting is still allowed is beyond criminal.  It is negligent and immoral.  The fact that FTD's exist in the numbers that they are is sickening.  The fact that FTD's and naked shorts are hidden offshore, using Options and swaps, in the hopes that when things blow up, they'll be left behind in the dust..... when I have the other side of the bet and am looking to get paid.  Are you serious?
The SEC is supposed to ensure fairness.  This isn't even remotely close to fair.  Every other country BANNED naked shorting.  And delivery is "instantaneous" in most countries.  And yet, here, everything defers to the big guys.  Goldman and Citadel can rack up infraction after infraction, and receive slaps on the wrist.  Why would they correctly label a short, when if they label it a long, they avoid the negative balance on their financials, and will only get a slap on their wrist of a million bucks...???   Did people at GS seriously just press Ctrl R for years, and all the SEC did was fine them an embarrassingly small amount of money???
Please ... I'm not sure why I'm even writing this.  I'm just getting more upset.  
You wanna find crime?  Look at GME - it is the most obvious one!  Follow the shorts   Where did they go???  The data is there....  The DTCC has every trade

  
Bob   (Please list as anonymous) 


313-885-5366