Apr. 09, 2021
This rule, if enacted, would be a step in the right direction. Accountability for actions is the only way to ensure stability and growth in any system of independant participants. Short selling or stock borrowing should be heavily scrutinized and enforced to be within the bounds of the realities and limits of the underlying assets. Furthermore, increased regulatory action and changing the fine structure to include forfeiture of illegally obtained profits in addition to fines would prevent such fines from simply being a fee for breaking the law. A fine less than the profit from illegal actions is simply a fee or the cost of doing business, and that illegal activity will continue in the future as long as the entity committing them shows a profit. Continued unchecked illegal activity, especially with public attention in the wake of 2008, serves only to erode confidence in the American financial system. Christian Fleming, Investor