February 7, 2022
The term \"fair market\" never applied to retail investors. I appreciate the steps Gary Gensler has taken upon himself to right the wrongs of hedge funds, but I feel nothing can be done that wouldn't cause a market collapse. Therefore I believe nothing will change.
The disclosure of security based swaps would add transparency but to what degree? Retail investors have access to short interest data but none of it is accurate. In fact, if SI% can be manipulated to the degree that it has been, I don't see why any of these proposed rule changes even matter. If regulations aren't enforced properly and the punishment doesn't fit the crime then none of this matters. It is giving investors false hope. Media defamation of stocks is out of control and should be made illegal.
Reporting of security based swaps should have been mandatory. Addressing it now is an improvement but the damage has already been done. The real question is what will the SEC do about it?
The entire market is a scam. To fix it would take years and be met with resistance the entire way by big institutions. I honestly have no hope for future investors unless this house of cards is burned down. A new system needs to be created without fraud and manipulation in mind. Fixing our current system allows criminals to negotiate what manipulation they would like to stay. Why waste everyone's time?
Wall Street has taken retail investor's money hostage for more a year. The fact that new rules have to be made for investors to receive the money they are owed is why I will not be returning to this market when the GameStop situation is resolved.