February 4, 2022
Tim Geraty of Becker CPA tells us there are 3 parts of the fraud triangle - Opportunity, Pressure and Rationalization. Well, I will say if these SWAPs go unreported (and Dark Pools/SROs continue to internalize everything away from LIT exchanges) or even delays in reporting (should be structured for prevention not periodic view points),.. Boom opportunity is available for Fraud. We all know the Pressure is there 100% of the time in this crazy, complex, and powerful world/time we live in. So with a strong chance of Fraud all that is needed now is Rationalization. As the triangle is always at this tipping point all that is needed is a small push to have Fraud actually occur. Something tells me these small pushes are everywhere and many are overwhelmed by them (some hold strong, but many crumble). It is in my believe the system should work where we are not on the edge at all times, but rather Fraud should be hard, very hard - or at least take away opportunities vs create more. Seems logical, but those who care the most will make a big fuss in so many ways to keep their Fraud doors open or seemingly closed/locked when really the door is unlocked/cracked open. Thank you, I believe in a better place. Lets not let status quo or some asshats loud voice skew our reality. This is OUR world not just a select fews. Best, - Actual retail investor heavily involved in the markets