February 20, 2022
In the past 2 years it has become clear that shares are being rehypothecated beyond any reasonable market necessity.
FTDs have become commonplace and arbitrary.
\"Synthetic\", Loaned and unsettled positions should not be able to settle a FTD position.
Ban FTDs by fining 500% of purchase price to be paid directly to the party who bought the stock originally.
Identify brokers who have the highest amount of FTDS.
Track all shares to ensure rehypothecation is limited.
Eliminate fees to brokerages / Market Makers / Others that are so low that \"it's a cost of doing business\".