Oct. 08, 2022
October 8, 2022 I, as an individual investor, am concerned with the current status of short selling and its reporting in our markets. As evidenced multiple times, market makers routinely engage in naked short selling. Having reported short interest over 100%, or being fined for poor reporting or outright breaking of stated rules shows this blatantly. For instance, Citadel has been banned from trading in China for the same things they are accused of here, yet they pay peanuts and continue to act with impunity. I do not see a future where I wish to put my money in a market that rewards this behavior, refuses to regulate properly, and continues to abuse dark pools, payment for order flow, and off market exchanges. This manipulates the very foundation of what makes a healthy market, which is price discovery, and the belief that your gains and losses are the result of a company's performance in the market, not the middle-mans whims and conflict of interest between what is fair and what benefits them . Please improve transparency and renew faith in the market through steps like this. Sincerely, Kyle Davidson