Jul. 21, 2023
First off, I’d like to start by saying each and everyone of you that are in any position to rule of these types of things do not deserve the positions you have, nor has the SEC shown itself capable of governing the markets and protected the investors it was created for. On to the next part, I firmly believe the SEC is incapable of doing their jobs. Both on an individual and an organizational level. The gross incompetency consistently shown by the corporate funded ex-hedge fund employed SEC “leaders” speaks the blatant corruption louder than any video you create and post to YouTube attacking specific investors investing in specific stock. “Without admitting or denying the findings….” Is another example of how grossly corrupt the SEC has become. You mean to tell me, you guys invest time effort and energy into filing charges against people… and they can pay them to just go away? I mean, you guys have to fund those subscriptions somehow I’m sure. Now onto swap reporting (yay!) Year, after year, after year, retail investors get these very well formatted (and often hidden) statements on how much the SEC cares about retail and transparency in the stock markets, yet…. what’s the last thing that was actually done for retail? Citadel? Virtu? The two names the mass majority of investors have been screaming for you to investigate, but again, I’m sure ken will just FTD more securities in the name of a bonafide market making hedge fund prime broker dealer to fund the fine and you’ll let it slide “without admitting to or denying the findings”. Then he’ll just swap the position with another, and another, and another, and continuously do this while just under the reporting minimum, and then you all will blame retail when the market crashes because they bought and held a failing brick and mortar retailer. Yet, you’ll say retail isnt smart. You’ll say retail doesn’t need to see data provided in 606b3 reports and provide lackluster 606b1 (also giving institutions a 7 day timeframe and retail “upon request”). You’ll say you don’t know what DRS is, then release a statement on DRS. You’ll say naked shorting doesn’t exist then charge someone for not reporting their shorts to the tape… and not having a valid locate. You see where this is going? The SEC is simply a smoke and mirror. I’m for this proposal, but to be completely honest, there’s not a single thing you would do with this that would benefit anyone but you, since you’ll charge the same too big to fail institutions for the 100th that sweet sweet membership fee you prey on. Gary Gensler needs to go, and the entire SEC needs to be reformed. It’s time to calibrate.