Dear SEC,
As a Retail Investor, I am eager to see MASSIVE reforms in the way markets operate.
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.
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.
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.
Thank you.