Oct. 30, 2022
October 30, 2022 You said exactly what most concerned retail investors believe in the first line of S7-18-21. \"The securities lending market is opaque\". The rules of this system are broken and have allowed large players to abuse loopholes and get away scot-free. It's time to make the necessary changes for the SEC to regain its regulatory power against the \"big players\". It's time that these big players are punished the same way as the average Joe would because these small fines that you're handing out are simply a cost of business for them. Large players have been able to rack up violation after violation without having any serious damage done to their participation status. Additionally, I find it to be a scary sight that hedge funds can be market makers, and internalize orders. This leads me to naked short selling. Do you truly need a designated lender? I strongly appreciate any attempt at increasing retail clarity. We need to know exactly what's going on in the markets.