Feb. 21, 2022
Dear Chairman Gensler, It seems rather apparent to me and many others I have talked to that the SEC has failed to hold to its purported directives. There is a set of rules that restrict the average person and then there are rules for the hedge fund elites. One would think that having millions or billions of dollars to invest would be enough of a leg up. Whereas I am bound by limited income and can only afford to invest a few hundred dollars per month at best. The bare minimum expectation that we all should have is that there is one set of rules for all of us. If there is behavior that would cause me to have negative consequences, why wouldn't those apply to someone that is a so-called market maker? There seems to be a lot of bad things being done by hedge funds, naked shorting, etc. that is "supposed" to be off limits but no consequences seem to be happening. Please, hold these people accountable. Do not allow special circumstances for those wealthy bad actors. Socialized losses with privatized gains is a mismanagement of the system, a system that should work for all but it sure seems like a system for thee but not for me. I also think the whole system is somewhat antiquated. Trades should be immediate. There should be more transparency. But above all, we need an even playing field. A single set of rules that governs behavior regardless of the number of digits of worth in one's investment portfolio. Sincerely and hopefully, Lance Ratliff