Dec. 27, 2022
December 27, 2022
As someone who runs their own business, it is my responsibility to navigate the incredibly complex process of managing an investment account for my retirement savings. No longer are average citizens able to park their money in a savings account and receive a modest but not unsubstantial rate of return. We have no option but to participate in the stock market shenanigans. As I learned more about the sinister inner workings of Wall Street, it became apparent that the M.O. of the industry is to funnel money from the working class (those who actually use their labor to provide real value to the economy) to the rich. The SEC is a government organization and the the role of government is to work on behalf of the majority of citizens, NOT the top 1%. Rules like this are a step in the right direction but all of the following issues also need to be addressed:
No More Dark Pools.
No More Failure To Delivers.
No more payment for order flow.
No more naked shorting.
No More infinite liquidity.
No more small fines for massive felonies.
No more can kicking for trade settlement.
The DTCC needs to be subject to a complete forensic audit - annually.
No more shareholder voting rights being subverted due to shares in circulation exceeding the total shares issued.
If a share is not available at the current price, then the price should rise until a seller is enticed to sell. That this is not occurring as a standard function of the market - supply and demand - is egregious and felonious.
We all know what is going on. We do. Legalese and slippery talk doesn't mean anything anymore. The laws are impotent. This market is in crisis. Confidence in the market is non-existent. We will not go back to sleep.