Jan. 01, 2023
January 1, 2023
Dear SEC,
I am a mom (and retail investor) who at one point trusted that the system was set up to be fair.
Over the last several years, the real truth has come to light.
The stock market and financial system is loaded with crime and good, hard-working people and families from around the world are suffering from it.
I know my family is suffering, as my husband and I are scared that our retirement investments have been affected by the crime and corruption which seems to be an integral part of the market.
Therefore my husband and I (and millions of people from around the world) are eager to see MASSIVE reforms in the way markets operate.
Please - as quickly as you possibly can - pass rules that actually protect retail investors, and help make the future safe for them and their families.
As retail investors, we are eager to see:
1.
Real consequences for those violating the rules.
2.
No more small fines for massive felonies.
3.
No More Dark Pools.
4.
No More Failure To Delivers.
5.
No more payment for order flow.
6.
No more naked shorting.
7.
No More infinite liquidity.
8.
No more can kicking for trade settlement.
9.
The DTCC needs to be subject to a complete forensic audit - annually.
10.
No more shareholder voting rights being subverted due to shares in circulation exceeding the total shares issued.
11.
Additionally:
Retail investors would gladly forego the price improvement offered by wholesalers to avoid them entirely - and would be happy to pay more to protect their trades from that ecosystem.
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.
Somewhere along the line, our markets have been twisted and warped into what appears to be nothing more than a massive Ponzi scheme.
Regulators don't regulate. Market makers are betting against retail, and then manipulating the market to ensure they win. Politicians with influence have been seduced with dirty money and insider trading.
Over the last few years MUCH LIGHT has been shined onto the horrible truth of how the system was set up, and how it operates.
Now, everyone from around the world knows what's going on. The curtain has been pulled back, and millions of investors all across the globe have seen the truth.
Legalese and slippery talk doesn't mean anything anymore.
The market is in crisis, and confidence is non-existent.
Please do the right thing.
Thank you.
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