February 7, 2022
Anyone who has been following so called meme stocks should know how much price manipulation has been going on for the last 1 year through naked shorting among many other things.
I just dont understand how can any stock discover its right price when the market makers keep on flooding the market with fake synesthetic shares in the name of liquidity?
How can SEC not know how many fake shares are in circulation? I know naked shorting is illegal but if the SEC is not going to enforce the rules then wall street criminals will continue naked shorting good US companies to ground.
Also Fine on getting caught is so small that is feels like the price to continue their illegal activities. Fines should be more than 100% of the money they made from it.