Jan. 12, 2023
Hello, Thank you for trying to make markets more fair for retail investors by addressing dark pools and payment for order flow. I greatly appreciate the SEC's attempts to limit the amount of fraud and benefit the little. It's a good start and I look forward to seeing them go into effect and enforced. I would like to see more rules set forth to enforce the following as well: Naked short selling Failure to delivers Cellar boxing and other illegal short selling tactics Elimination of dark pool trading Force brokerages to give you real shares, like the transfer agents Eliminate all fake shares on that market, that provide "liquidity" GME and BBBY both had their float traded multiple times in ONE day in the past 2 years on multiple occassions. That is only possible when there are more shares that actually exist, especially when more than 50% of GME's free float is directly registered through their transfer agent. I really hope these new 4 rules are actually enforced and other rules to address the issues I mentioned above. Those are just a small portion of the illegal tactics that hedge funds, such as Citadel, use regularly. Check out r/superstonk for more of the exposed fraud and crime they do. Best, Jason DuMond