Subject: Re: SEC Proposal on Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders (No. S7-30-22)
From: Rickard Bengtsson
Affiliation:

Mar. 07, 2023

I think i speak for alot of investors when i say: we're tired of the short-selling scam that is the US-markets (or NYSE the 'meme exchange').  

For several decades hedge funds have engaged in predatory short-selling which damages not only peoples livelihood but also any inch of trust that anyone should have in the US markets.  

I want to see the SEC actually regulating the market. If a fine is 600 thousand dollars for a crime that earned them 1 billion dollars, then the fines become a cost of business instead of a deterrent for their scummy behaviour. If a crime earns them 1 billion dollars, then fine them 2 billion dollars, easy peasy. AND also, why are these same people still allowed to trade on any exchange?  

As the markets function right now, it's basically a ponzi-scheme for individual investors. Until we get accurate price discovery on stocks, without shorting-algorithms making it impossible to trade certain stocks, since if the company does well, price should go up? At least in theory.... but what the US markets have displayed for EVERYONE to see the last couple of years, is that there is no point in investing in the US. Because knowing about this, and seeing it in real time on certain stocks, WHY would anyone want to invest in the US?  

I don't need to get into details (hopefully) because you guys to know what im talking about. Im frankly infuriated that this mail needs to be sent at all.  

I don't believe the SEC is ignorant enough to NOT know whats going on. You know whats going on, you know its not right. Do something about it! 

This 'Payment for order flow-scam' thats going on, has to stop.