June 5, 2021
Dear SEC
Just to be clear, you are fining in the amount of $65m against Robinhood for their actions in January.
Therefore, in future moving forward, any time Robinhood or other actors wish to throttle buying momentum in a stock, commit racketeering as we saw with similar actions performed in regards to cryptocurrency traders wishing to sell and being prevented from doing so...
The cost to commit this crime is a $65m fine...
How does this enforce anything?
All you have done is created a \"Swear Jar\" where bad actors simply pay a few nickels for each indiscretion they commit. They continue committing crimes and only pay if they get caught.
You do understand that justice and integrity has NOT been served.
If you choose to fine a business, choose instead % vs $$. Also, jail time for committing crimes should be enforced. No one went to jail for the 2008 global financial crisis. Not one.
Robinhood has clearly involved itself in a crime by both lying to congress regarding low collateral/liquidity as proven in a different congressional hearing by DTCC. As well as the mysterious disappearance of a sell button during Dogecoin's rise, or the disappearance of the buy button during Gamestop's rise.
DO YOUR JOB, TURN OFF THE PORNHUB