February 7, 2022
Naked short selling creates unfair advantages that do not benefit retail traders. Synthetic share creation is used by market makers and brokers to generate enormous profits at the expense of retail. A free and open market does not exist because of the use of dark pool trading, deep out of the money married puts, rehypothecation of shares, the manipulation of exchange traded funds to control share prices, hiding derivative swap options overseas to conceal abuse and possible failures to deliver. A market maker should not be allowed to also be a hedge fund. It is a huge conflict of interest. Shorts need to close their positions rather than hide them.