February 19, 2022
Unchecked fraud and market manipulation through naked shorting, algorithms, PFOF, etc. dramatically erodes investor confidence in a fair and open market. The 226% short of GameStops float is composed mostly of counterfeit shares that still have not been delivered (FTDs). Over a year has passed and not only have these FTDs not been resolved, but evidence suggests that the short percentage has actually risen Why can it be okay to counterfeit shares, routinely publish false information, report lies through controlled news outlets (shorts have covered, GameStop losing money, and on, and on)?
Those who are able to manipulate stock prices into oblivion and drive companies out of business for their own profits do so with these dishonest tools. The deck is sharply stacked against us the SEC is retails only hope to stand up to these fraudulent and extremely effective techniques.