Oct. 29, 2022
October 29, 2022 I am a retail investor. As a stockholder of US securities, it is vitally important that the integrity of the securities markets remain intact. Without transparency around who shares are being lent to, the size of the position and valid/accurate locates being enforced the market is corrupted to the point where more shares exist than are in the official publicly tradeable floats for many securities. Naked short selling and fails to deliver are a cancer within the US market and threaten systemic risk when those short positions need to be closed and no shares are available to cover. Predatory short selling, widely used by criminal hedge funds, market makers and prime brokers to avoid taxes and cripple normal companies to the point of bankruptcy cannot be allowed to continue. The nonsense of internalizers creating infinite liquidity can not be tolerated any longer. Lack of transparency around short selling creates distorted price discovery because of misreporting, under reporting, fake l ocates, and dark pool usage to the point where lit exchanges are a tiny fraction of the total trades on any given day. You know all of this and you're wasting my time telling you something you already know. When the huge naked short positions in GME eventually come to light, I will settle for nothing less than jail time for those responsible and would be unlikely to ever invest in the US markets again without a complete overhaul of the reporting and trading framework which enables and hides this criminal behaviour.