Feb. 28, 2025
Ms. Vanessa A. Countryman, Secretary U.S. Securities and Exchange Commission 100 F Street NE Washington, DC 20549-1090 Re: Concerns Regarding AMC Entertainment (AMC) and GameStop (GME) Dear Ms. Countryman and Members of the Commission: I am writing to express my concerns as a retail investor regarding the recent trading activities and market dynamics affecting AMC Entertainment (AMC) and GameStop (GME). I believe that heightened volatility in these stocks, along with widespread reports of potential market manipulation and the use of abusive short-selling practices, warrants close scrutiny from the SEC. 1. Market Transparency and Short-Selling Practices • There is ongoing discussion in the retail investor community about “naked” short selling and synthetic positions that may distort actual supply and demand. I respectfully request that the Commission closely investigate and, if necessary, tighten regulations to ensure that all short-selling activities remain transparent and within legal boundaries. 2. Dark Pool Trading and Off-Exchange Transactions • A significant portion of trading volume in AMC and GME appears to occur in dark pools or other off-exchange venues. While such mechanisms can provide liquidity, they can also obscure true market sentiment. I encourage the SEC to evaluate whether these off-exchange trades are adversely impacting price discovery or disadvantaging retail investors. 3. Market Fairness and Retail Investor Protection • Recent events have highlighted the influence that large market participants (e.g., hedge funds, market makers) may have on stock prices, at times to the detriment of smaller investors. I urge the Commission to continue prioritizing policies that level the playing field for all market participants, including improved reporting requirements, stronger enforcement of existing regulations, and timely public disclosure of relevant data. Including but not limited to Naked shorts excessive share counts, manipulative strategies involving the mainstream news, collusion and information shared between brokers and dealers, hedge funds and banks. 4. Encouraging Robust Enforcement • Enforcement actions by the SEC can be a powerful deterrent to market manipulation. I respectfully ask the Commission to remain vigilant and pursue any evidence of illegal activity aggressively, thus reinforcing investor confidence in the fairness of U.S. capital markets. For too long Hedgefunds and Big Banks have been able to get away with ”Financial Murder” while playing both sides mind you. True price discovery no longer comes from supply and demand, they create Artificial supply to bring companies to what “They think it should be” This is not how the market was designed to work. If needed i will personally work for free to help solve these issues if needed. I appreciate the SEC’s ongoing efforts to safeguard investors and maintain orderly markets. I hope my comments and concerns can be part of the record for the upcoming Sunshine Act Meeting and that they assist in shaping future regulatory and enforcement actions. Thank you for your time and attention. I look forward to any updates or public statements from the Commission regarding this matter. Sincerely, Best Regards, Jacob Courtad