Oct. 29, 2022
October 29, 2022 Securities lending allows for the multiplication of shares in circulation. This leads to no true price discovery and essentially theft. Not to mention FTDs are allowed. Should I start failing to deliver on all my obligations too? Is theft legal for me? We need to know WHO is borrowing and lending these shares. If any money is earned through lending ALL money earned needs to go to the retail shareholder even if its in a brokerage and not directly registered. If that means brokerages cant make money and need to close shop so be it. Better not to have a scam then to allow one. We must eliminate ONWARD LENDING as its a source of phantom shares and voter fraud. Also every loan must have a due date no exceptions. If it means liquidation of a company so be it. The fines do nothing, breaking any type of industry policy gets us peasants fired so the same should be true for ANYONE especially high ranking officials in the securities industry. One time offenders need lifetime bans in financial markets, and to be individually liquidated of all assets and possibly jail time. That money should go back to the tax payers and those individuals complicit in this type of financial manipulation need to learn what its like to live as a poor. Real time position reporting is the only ethical way to proceed. Anything else is being an accessory to fraud and criminal activity.