December 17, 2021
I can't believe that this actually needs to be voted on, but Yes. We should prevent fraud.
People should not be allowed to hide their positions, falsify their positions, gain from fraudulent positions or manipulation.
If I could provide a \"guiding principle\" it would be this \"Imagine a \"Free market\" where those trading on the market were protected from malicious financial terrorists who prey upon those with less to the detriment of all but themselves. Sounds nice right? Turns out we all though that was what we had before 2008. Then we thought you fixed that sh after 2008.
Now that the entire world's economy is about to take in the collective rear end, perhaps now we will actually see real change? Not that anyone who has seen this market let January's blatant market manipulation go unpunished has any expectations that this will happen.
So maybe do it for your own pride? Or perhaps out of hope for a patriotic duty? But frankly I am mystified as to what drives the SEC other than getting a job with Short Hedge Funds, or kowtowing to the Pelosi's of the world.
Let's just say this. If you have children would you let them play in this market without any kind of education as to what really happens behind the scenes? Of course not.
So then it should be simple. Right?
So do what should be the easy decision. Remove fraud from a system that relies on transparency and freedom from manipulation. Restrict the bad actors,and punish them to a degree that they cannot repeat the actions which are executed in bad faith.