Oct. 08, 2022
October 8, 2022
I am in full support of this regulation change.
The crimes committed by the naked short sellers due to lax regulatory reporting requirements have bled, and continue to bleed, the American people dry. Frontrunning, dark pools, payment for order flow, cellar boxing and various other exploitations of the system are all enabled by the rampant over-short selling of stocks and the opportunity they have to never report their trades, mark them as long for a tiny penalty, shove them into deep out of the money long-term married puts, even offload them overseas into markets like Brazil.
The penalties for all of these actions that disrupt true price discovery is negligible, and simply the cost of doing business. If the SEC is earnest about protecting the American investor instead of the American billionaire, enforcement of more transparency and regulations with teeth are the way to do it. No action would be complicit action as the hedge funds and market makers rob America of its wealth and power.
True transparency and actual reporting requirements sheds light into the dark places on Wall St that the corruption festers in. Please shed some light in the name of the American people.