April 23, 2022
What is the Securities and Exchange Commission(SEC)?
IT IS AN INDEPENDENT FEDERAL GOVERNMENT REGULATORY AGENCY FOR PROTECTING INVESTORS, NOT ONLY PROTECTING LARGE FINANCIAL INSTITUTIONS.
Is it possible to sell a few cars in the car dealer's parking lot without paying them? I will pay them when the car price is down?
Citadel Securities sold $65.7 billion of securities without purchase. Waiting for fair value price which is lower than sold price. Sound legit?
Yet no amount of revising can change the fact that this rule allows hundreds of billions of dollars to go unpaid while harming retail investors, retirement funds, mutual funds, and others. This is the 1% making rules because they made bad investments and want us to pay for it.
If you pass this rule, you are more manipulating the stock market than they already manipulated stock market.