Jan. 12, 2023
January 12, 2023
This proposal is a good start as it works to help protect retail investors. Something that current and future investors are in dire need of is enforcement of Failures to Deliver. Please take a look into this, I look forward to seeing more.
1) Fines + margin calls for FTDs (NO waivers, no exceptions)
2) Mandatory Buy-In
3) If buy-in fails, raise offer until it closes
4) Suspend close accounts of brokers who FTD 3x/month: Sec Exch Act 1934, 17A.a.5.(C)