Oct. 08, 2022
October 8, 2022
We need transaction by transaction reporting. This will eliminate the ability of wall street criminals to hide within the aggregate. Transparency has a very clear definition aggregates are not transparent. Secret short selling dissuades actual investment as funds attempt to skim profit off the backs of true investors.
We must have a 15 minute reporting requirement- the cost and effort are justified to prevent the massive fraud occurring and will prevent hiding in loopholes.
Working families who invest their money in the stock market in good faith are being defrauded by the very organizations trusted with the stock market. Wall street predation on working families seems to have historically been encouraged by the SEC's lack of action. In fact, many of the SEC's ex Commissioners are now working for financial firms like Citadel that are regularly charged with financial crimes such as fraud. There should OBVIOUSLY be a rule preventing regulators from working for those they regulate, but this is America and finance regulators are in bed with the finance mafia. That must end. We have our eyes on you.
Companies that are victimized by predatory short and distort sellers need a way to defend themselves from this fraudulent activity. The SEC has historically destroyed records and been criminally complicit in this fraudulent activity. Short selling in the dark harms fair competition and natural price discovery. The idea that a small number of short-selling funds know best and can short unsuspecting companies in the dark is shameful. The SEC has helped create, through its utter lack of meaningful regulation (deliberately?) an environment where it is easier to profit by fraudulently destroying a company than by supporting and investing in one.
Opaque short selling hurts individual investors and thus undermines confidence in American markets in the name of greater profits for historically criminal hedge funds. Is this what a well informed public would want from its government? Timely detection of fraudulent and abusive activity should come before Wall Street profiteering, but it seems our regulators have the wrong priorities.
A short seller is not an investor, but quite the opposite. They are destroyers of American companies who historically circulate slanderous and false information in order to fit their narrative. The SEC seems to prioritize criminal hedge fund comfort and
fraudulent profiteering over individual investor protection and market transparency. While short sellers might be terrified of short squeezes that can follow the recognition of their (historically fraudulent) short selling strategy, this is not a reason for the Commission to decide against greater market transparency. If short selling is made transparent as it should be, then short squeezes and the dangerous volatility the occurs from the fraudulent activity of short sellers trying to hide their positions with financial gymnastics (such as toxic return swaps representing systemic risk) become less common. Smart investors will quickly learn to avoid such positions that could result in such dangerous volatility, which will clearly benefit the market overall.
Everyone will benefit from more transparency. We should not be prioritizing sneaky criminals who want to stay hidden in the shadows to profit off the backs of individual investors. \"But we're making so much money with this unethical practice\" Is no excuse to allow said unethical practice to continue. If funds are allowed to continue to short and distort in the dark, retail investors remain dangerously unaware of the hidden risks they take on when purchasing securities. More accurate and timely reporting allows for more accurate and timely reactions slower reporting prevents retail investors and working families from protecting themselves from abusive, historically fraudulent and predatory short selling practices. Working families and individual investors need to be able to look both ways before they cross Wall Street. No one wants working families to get run over in the name of superior returns for hedge funds,\" (or do you?)
Due to the massive regulatory corruption right in our faces, the public has had to become the watch dog for Wall Street fraud. The SEC has historically pampered wall street criminals while watching pornography during financial crises. (https://abcnews.go.com/WN/sec-pornography-employees-spent-hours-surfing-porn-sites/story?id=10451508)
Because of this, investors have had to rely on each other instead of those who are sworn to protect us in regulation. Individual investors have had to do deep dives into due diligence to determine information that should just be reported publicly. More timely, higher-resolution reporting would create a snowball effect whereby some individual investors analyze the data and make that analysis publicly available for free, which is then disseminated widely and re-analyzed, spurring more activity. This will allow individual investors to help each other become more aware and allows busy working families to be the recipient of aid and information for free. Working families typically do not have the resources available to buy high tier data and analysis, nor do they have the time to analyze the data themselves. Greater transparency will have positive effects on the investor protection the SEC pretends to stand for. The SEC must not remain ignorant social medias facilitation of a protective w
eb of information sharing that protects individual investors from criminal wall street predation. The Commission must stop behaving as though they are ignorant of how greater data provision empowers whistleblowers, who extend the Commissions reach and empower it to better meet its strategic goals.
There are dangers inherent in long, untracked lending chains that can lead to systemic economic fragility. Unregulated and opaque securities lending activity can hide massively destructive chains of fraudulent obligation that can even be a threat to national security and thus transparency in this area is more important than ever. The systemic risks associated with reckless criminal securities lending and short selling highlighted with bloodcurdling clarity following the shameful regulatory and financial sector actions of Jan 28 2021, carry a weight far beyond any theoretical benefits of predatory secret short selling for superior returns at everyone else's expense. Investor protection comes first not the profits of the Wall Street Mafia which has put our entire financial system at risk.
The SEC just removed a one billion dollar cap on Pension Funds that can be tapped (stolen from retirees) if an OCC member defaults to 35 trillion dollars. The SEC exists to protect citizens from Wall Street fraud. This action is the direct opposite, literally protecting Wall Street Criminals by sacrificing honest, hard working retired Americans. Through this action, the SEC has demonstrated that they do not represent the American Public, but rather finance sector crime. Do the right thing, you are running out time to do so.