February 20, 2022
You've already lost. How have you lost? You've abused the trust of the current and upcoming generations. Trust is the one true currency. You can propose new rules to try to build a facade of propriety, but your bank account of trust has been squandered away.
Is fraud, deception and manipulation in reporting bad? Yes. Should it be prohibited? Yes. Is it obvious to even a kindergartener that immoral and unjust actions should be prohibited? Yes. That compliance officers shouldn't be unduly influenced? Yes. Your rule is correct, but laughable that it needs to even be stated, let alone codified.
Further, do I trust the SEC to enforce this rule or any rule? No I do not. Jay Clayton, former SEC Commissioner is now working for Apollo Global Management. Regulatory capture. He's getting his back scratched after scratching the backs of those he was supposed to regulate. The current commissioner worked for Goldman Sachs for 18 years, helped lobby for the repeal of Glass-Steagal and helped push legislation that banned regulating derivatives. It is a system of corruption, rotten to the core, powered by greed, enabled by fraud and unenforced 'self-regulated' rules, that preys on the already-struggling common man of the 99%, who toils in the real economy producing real goods and services while the 1% scheme and collude to leech off the real economic producers by creating these parasitic systems to siphon off and skim at every intermediary step from banks to brokers to market makers to hedge funds to the DTCC to the Fed and the politicians they've corrupted with kickbacks from the spoils of their fraud and to the regulatory bodies they've captured.
If you want my trust, ban PFOF. Ban dark pools. Ban short selling. Ban the Madoff exception for market makers. Ban payments of any form from financial entities to policy makers. Require equally accessible, transparent reporting. Don't allow the media to be controlled for spinning false narratives for financial manipulation. Enforce rules. Impose fines OVER the amounts illegally gained and punish with participation suspensions for breaking rules. Pay back the ill-gotten gains to those that were robbed instead of the SEC just collecting their cut. Stop demeaning and de-legitimizing real companies by calling them 'meme stocks'.
You won't do all this, though, because the whole system is morally bankrupt. The consequences of that will eventually come. There are no actions without their equal and opposite reaction. May you reap what you've sown.