Apr. 20, 2022
The market should be a zero sum game for EVERY participant, not just disadvantaged retail investors. Why do short hedge funds get an out on a bad bet? This level of corruption is unreal. SR-NSCC-2022-801 and SR-NSCC-2021-003: This rule effectively creates a darkpool for the short party during a short squeeze or forced share buyback (dividend, recall, etc.) NSCC is recognizing that predatory short attacks are becoming unsustainable, and they want to take the squeeze payout before retail can get it. They're offering to take on the short parties' debt so it can be paid off over years instead of all at once. DTCC/NSCC gets the money, retail gets the shaft, and SHFs get to erase billions of dollars in losses overnight. Why is this ok? Retail and wall street are held to COMPLETELY DIFFERENT STANDARDS.