February 18, 2022
I do not trade stocks or options but I pay attention to the markets and the news surrounding them. I want to know why big players in the market get to break market rules without the consequences that retail traders would face for violating those rules? Naked shorts on stocks like GME are illegal but nobody has been held accountable, legally or financially for those very public crimes. Why?
Additionally, since this is about insider trading, why does the SEC refuse to prosecute those House and senate members in congress who used inside information about the severity of COVID-19 to their financial benefit in 2020. Thats blatant insider trading, and much of it is a matter of public record, but there has been no public accountability. From an outsiders perspective it really looks like the wealthy and powerful are not held to the same rules that the average American is held to. People are becoming severely disillusioned with this system and for good reason. Why on earth does the SEC continue to support the rules for thee but not for me system that is currently in place?