Dec. 27, 2022
December 27, 2022
The new proposed rules will be a step in the right direction if passed, but there is still more that needs to be done in order to make real changes in the way that our markets operate. Mainly revision or removal of FTDs, revision or removal of \"dark pools\" and/or off exchange transactions, and actual enforcement of pre-existing regulations (ex. naked short selling). All transactions, whether from retail investors or large hedge funds should be required to be on lit exchanges with verifiable and traceable history. Large institutions should have the same rules as retail They should not have special privileges. FTDs should either be revised or removed from our markets completely, as there is too much of an incentive from institutioms to use FTDs in malicious and inappropriate manners. Finally, the SEC needs to ACTUALLY ENFORCE pre-existing regulations. We can add as many rules as necessary, but until the individuals who are breaking these laws are held accountable, nothing will chang
e. Institutions need to be charged higher fines, especially for repeat offenses. Companies profiting millions or even billions of dollars and only being charged hundreds of thousands is a joke and an insult to fair and free markets as well as the American people. Individuals who run these companies and green light these malpractices should receive jail time. Perhaps a harsher, more directly affecting punishment will help curb these greedy behaviors. Please SEC, do what is right for the American people. You are the ones who are supposed to protect and look out for the American investor and uphold integrity in our markets It's time that we enact real changes and rebuild trust in our system. Thank you.