Aug. 16, 2022
August 16, 2022 I believe it is empirical why there should be more transparency in our markets. You have these trading firms, hedge funds, and others claiming to be pro-retail investors yet none of them are clean. Many have been fined by the SEC itself for abusing rules and regulations for misreporting and mishandling trades, stocks, and other positions. These for-profit companies have that and only that in mind, and are constantly skating the line to make profit where they can at the expense of whomever be on the receiving end. If the cost of business to make $500 million through a series of transactions is a $2.5 million fine, then they think it is fair game. As a retail investor, I can say with every fiber of my being that these companies do not represent retail and should not be allowed to claim as such. I support transaction by transaction reporting. I support the 15-minute reporting requirement. I support companies being better able to defend themselves from short-selling predators. I support putting as much transparency as we can put into the current system, and when that isn't enough, upgrading to a system for even greater transparency. I support making data publicly available so that it can be scrutinized by those whom it might affect. If short-selling and other transactions are continued to operate in the dark, then we can't know to what extent these for-profit companies are going to earn themselves an extra buck or billion. Securities fraud and money laundering should not continue. Thanks