April 20, 2022
To be frank because I don't have much time to write this out. If a margin call comes for me/ liquidation, I'm not allowed to group up all my bad bets in someone else's name/balance sheet and give it to another \"entity/SFT's\" (aka making a bad bet and paying it off over an extended period of time through an entity that is not related to you directly so you can still make more bad bets to pay the bet).
This is a ponzi scheme.
You are making institutions legally able to conduct a ponzi scheme ( they have a responsibility for the investor thinking they are investing to get a service when in reality their money is being used to make more bad bets to pay off a debt of bad bets held by the separate entity.) Now how can I a contractor see this plain as day, yet you have degrees in finance and law and actually put this up for comment... why cant you strike it down yourselves, this is blatant favoritism against retail. If big banks make bad bets ..... they should be held liable.. nobody is to big to fail when all they do is gamble and manipulate markets/ media. Lets not forget they managed to get a ponzi scheme up for comment and so far you are complicit.
This rule should not pass, you can make ridiculous amounts of money playing by the rules, cheaters should be prosecuted.