March 15, 2022
As an African-American Investor in the US equity markets, I am shocked and appalled to see the daily value of my investments not accurately represented of their worth, nor is it a true reflection of a \"FREE and FAIR\" market. Instead, the value of my equity positions is determined by white-collar financial crime through Payment For Order Flow, Dark Pools, synthetic shares, illegal short-selling practices (naked shorting), and insider trading.
Allowing white-collar financial crimes to continue against retail investors is wrong on many levels.
I believe that enforcing transparency rules with immediate effect would prevent synthetic shorting and other illegal practices in the market and foster appropriate protections for ordinary people who care about their future and invest their hard-earned wages. Not only limited to legal shorting but all synthetics to be published daily. In addition, can the SEC ensure failure to deliver have a time frame to cover otherwise, it promotes illegal practices and could lead to the global financial crisis of 2008. No one knows the volume of synthetic shares of AMC and GME as we enforce these regulations, but it is better done now and sanitize the market for trust and reliability.