Mar. 1, 2023
March 1, 2023 Increased reporting requirements for market makers, brokers, banks, and authorized participants is certainly a positive, assuming the reports are verified and large fines assessed when misrepresented. The fines the SEC charges market makers, brokers, and banks is a joke, and ample evidence of the SEC failing to fulfill its Congressionally mandated role of protecting household investors. Do your job: don't let bad actors sell empty promises to the American people, stop failure to delivers, levy fines that are greater than the profit gained by illegal activities, and audit the DTCC. Ken Griffin is running a Ponzi scheme bigger than Bernie Madoff's -- whom the SEC also allowed to operate for decades with hundreds of reports filed.