Apr. 7, 2022
SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 201, 232, 240, 242, and 249 [Release No. 34-94615; File No. S7-14-22] RIN 3235-AK93 Rules Relating to Security-Based Swap Execution and Registration and Regulation of Security-Based Swap Execution Facilities As a retail investor and reading these rules vs the penalties applied to multi million/billion dollar companies, the fines for infringement need to be damaging to the perpetrator. This has not been the case with companies like Citadel who have 58 violations for naked shorting if I am not mistaken for a grand total of .004% of their profits in that time span. Retails biggest problem is secrecy with basic market information and/or unreasonable delays with that information being released. This needs to be transparent and accurate. Companies ignore the SEC and its rules as well when the fines are part of the business plan. Enforce the rules, put in place real punishment. 58 violations...unbelievable. If you need an ELI5 for the rules and regulations that have not been enforced and the subsequent idiosyncratic risk that has evolved because of it, I will give you this link. https://fliphtml5.com/bookcase/kosyg In the end it will not be the SEC that corrects the market's bad actors, it will be the Apes. Thank you. -- It's not the games we play that show our humanity, it's the way we play them.