Mar. 2, 2025
Dear Sir / Madame, I am an overseas investor to the NY stock market via my brokerage company Charles Schwab International. The US market has a long and proud history. However as I became an investor to the company AMC (currently still a shareholder), I have seen another side which is not so palatable. My questions to the SEC are : When did it become acceptable for market makers to circumvent the free market ethos of supply and demand and provide so called "infinite liquidity ?" Why can market makers have the autonomous power to control stock prices via the use of dark pools ? Does the concept of self regulation by FINRA monitored by the SEC, really address issues like naked shorting which can be so harmful to both the company and their shareholders ? Why does the CAT system allow market makers to be exempt from their scrutiny ? I understand market makers concerns about privacy to their secrets, but at what cost to the public retail ? Fairness should be blind and impartial and not be manipulated to favour the rich and powerful. How does FINRA and SEC monitor synthetic positions on FTDs to determine if this strategy has a detrimental impact on the ultimate free market ethos ? With a change in SEC management and hopefully direction, as a small retail investor, I truly wish that fairness and transparency is fully restored as a top priority over the concerns of the rich and powerful. Best Regards, Ricki Tsang