February 7, 2022
I am strongly in favor of new regulations to provide more transparency in the market. Deception, manipulation and fraud which could impact or sway the greater market are current mechanisms for swindling retail traders to benefit the largest trading firms. Retail investors are at an ever-increasing disadvantage.
There are too many loopholes currently available for security-based swaps that let entities use technology to commit market manipulation, to avoid financial responsibility, and commit crime. In order to have a free and fair market, we must close these loopholes.
Furthermore, the punishment must match the crime. It's important to charge offenders a fine for commiting fraud that is MORE than realized profits from said crime, otherwise its just the cost of doing business and the fine is the SECs cut of the criminal activities.