Aug. 16, 2023
The US stock market is one of the most fraudulent in the world. We need daily reporting on all securities and derivatives, as well as extensive penalties for failing to deliver (FTDs). The penalties the SEC currently uses are wholly insufficient and provide absolutely zero incentive for banks, hedge funds, market makers, et al, to actually follow the rules. Your fines are simply a cost of doing business and need be much greater than the profit earned by these nefarious companies. I support this proposal and find the institutional comments laughable.