February 7, 2022
When will the SEC and the US Congress pass legislation and laws that protect the retail investors from Banks and Hedge fund abusing the markets with I.T software and algorithms? We have dark pool abuse, aggressive shorting, main stream media manipulation, pump and dumps by paid influencers, naked short selling, FTD's off the scale, PFOF, penny on the dollar fines and ETF's shorted 700% and GME 125%
If you fine someone a few cents for stealing a dollar, that incentivises corruption.
I would recommend SEC merge with the DOJ to cut out the corruption which is rotting this department. SEC employees should not be permitted to take paid work from Hedge funds and banks while in office and should not be permitted to leave the SEC and immediately take employment with those they were supposed to be policing
The entire world is watching what is happening and has been allowed to happen in the USA for decades We have clearly demonstrated and made our position clear, ban PFOF, stop dark pools being used for retail orders, stop FTD and remove MM status from Citadel for repeatedly abusing their privileges we demand a fair market, not one controlled by algorithms and a few Hedge funds aggressively shorting shocks with naked shares while paying the media to write fake news