Oct. 08, 2022
October 8, 2022
The 'loss of comments' is very concerning. The SEC was founded to do two things:
Companies offering securities for sale to the public must tell the truth about their business, the securities they are selling, and the risks involved in investing in those securities.
Those who sell and trade securities brokers, dealers, and exchanges must treat investors fairly and honestly.
Lack of transparency from the DTCC is not helping investors. Ordinary families are suffering as the Chair of the SEC Gary Gensler stated that 90 to 95% of all trades do not reach the market. This means the buying and selling pressure is not being generated. How is someone supposed to have any faith in the American stock market as long as this is tolerated?
Transaction reporting allows for transparency, aggregates hide information. Reporting within 15 minutes is not a burden with modern technology.
Hedge funds should be able to lose money, same as every one else - hold them accountable. Fines do not do this. Ban bad actors from participating in the stock market, jail those involved in fraud.