February 7, 2022
I have been a retail investor for a couple decades now and am appalled that there is a need for a rule to rein in fraud. How is there now already a bevy of rules doing such? The big crashes in 2000 and 2008 (all the big crashes really), were all caused by bad actors that never paid a price for their actions (which made them all rich at the cost of the middles class). Please push this rule through with all haste, and, more importantly, please follow through with enforcement of this rule with harsher penalties than a slap on the wrist. At the very least, All monies derived via fraud need to be reclaimed, instead of just some small portion thereof.