Oct. 29, 2022
October 29, 2022 Dear regulators, When, in the history of allowing securities lending, has it been in the best interest of the everyday investor, the company being lent, or rather anyone that isnt a Market Maker? In the case of GameStop, our company made a conscious decision to increase the float with a split via dividend. Nowhere in my mind or my fellow shareholders minds do we think the GameStop board made this decision to make lending easier or to help wallstreet. May I remind you that lending securities exacerbates sold not yet purchased, dark pools, algorithmic price anchoring, and in the case of blockbuster, sears, Redbox, and several other companies it has been the noose to cellar box a company. Wallstreet is destroying lives and businesses in the name of keeping capitalism free of outdated business, but we know its just used to sell to the next highest bidder. End the cancer in our society and restrict securities lending before it bankrupts every major brokerage that uses this model to exist.