February 7, 2022
I am a retail investor and I agree with this proposed rule. It's hard to have faith in the market when I know I am being defrauded by financial institutions. It's not enough to simply legislate, we need punishments to match crimes. If the penalty for committing fraud is a fine that's only a small fraction the size of the profits from committing the fraud, then that's not a punishment, it's a \"cost of doing business\".
We want to see real reform in our markets and a return of confidence from investors, we need regulation, transparency, and meaningful enforcement/consequences for fraud and other financial crime.
Best regards.