Mar. 06, 2023
My name is James Sharr and I am a concerned citizen. Citadel and other market makers are integral parts of our economic system. They are also engaging in a dangerous game of market manipulation and are frequently hit with slaps on the wrist from the sec. Back in January 2021 me and a couple friends of mine lost well over 20,000, a years wage for us, to the shenanigans pulled by Robin hood, Citadel, and the people who have access to restrict trading. Then a coordinated devaluation of GME(gamestop) but companies who hold MASSIVE Put options for game to tank. They were selling shares they didn't have to drop the price so they wouldn't be responsible for those options. One thing that bothers me in particular is their wording on support of the current "Best Execution" system. As it stands now it allows large firms to buy and sell in-between each other, at thousandths of a cent (.0001) and entirely skip over retail traders. Using this they can drop the price of a stock before retail traders even Had a chance at a trade. This is market manipulation. It is un-American, please prevent it I think it's time for the game to stop. A nation with was founded on the idea of personal liberty and freedom has no use for allowing its strongest asset, our financial sector, to be beholden to this corruption. Please protect the peoples interest in a FREE and FAIR market when moving forward and not corporate interests. You would be doing a disservice to future generations if they are given the reigns to our nation any more than they have now. James Sharr