February 6, 2022
There needs to be immediate action taken in regards to banning PFOF. In no way does it represent the interests of the individual investor. It allows front running of trades by HFT hedge funds while suppressing competition and best price discovery. The only entities who are trying to keep PFOF in practice are very dishonest and corrupt prime brokers and hedge funds.
Short positions need to be outright banned or at the very least highly regulated and overseen while being strictly enforced for reporting. FTDs should also be banned and/or be made to be kept at a very minimum level with fines that are equal to or more than the possible profit made by the offending entities.
SEC fines are an absolute joke. The SEC is taking a cut, they're not enforcing anything. Fines need to be, at minimum, the full amount of the profits made by the illegal or unsavory activity. Including jail time for more serious or repeat offenses would also help stop the blatant fraud currently seen in the market.
Running American companies out of business using illegal practices needs to be seriously addressed. The mass production of fraudulent shares by hedge funds and prime brokers in order to flood the market with cheap shares to drive down share price has become such a popular means of business that it threatens the very foundation of American enterprise.
There is no competition in the market. Dark pools/internalized trades have all but ceased any real price discovery or fair competition between brokers. Its the same few brokers who route all the orders to the same few hedge funds who also happen to be market makers. How is that even allowed? Dark pools need to be completely done away with to allow for an actual free market.
The retail investor has been stolen from for decades by the very same people who rig the market in their favor. Then when those entities make bad bets and lose, retail is forced to pick up the check. This needs to stop All the work has been done for you Just go onto the Superstonk reddit sub and read the diligence gathered by professional investors.
Protect retail investors for a change. Stop allowing a handful of manipulative institutions to literally control every facet of the stock market and use it as their own private casino where they're constantly rigging the game to always win There must be a free market.