July 19, 2023
Good day
We need mandatory buy ins. We need greater market transparency. We need T+0. We need to remove market participants who regularly cannot keep to market rules and regulations by removing licenses and apply fines that exceed profit gained. We need to remove voting rights for those who do not have registered ownership of their own names or in beneficial ownership. Voting rights should only apply to actual ownership (DRS) and beneficial owners who hold their shares in brokers such as fidelity. Anyone else, short sellers especially, should not have voting rights into a company as they have zero interest in the company succeeding and only wish to profit off the destruction and reconstruction of a companys demise.
Please prove that the SEC had the capacity to protect the market and its smaller participants. Deleting, or accidently losing comments does not inspire confidence. Please prove that the SEC is comprised of those who are not bought by corporate greed.
Time to promote post-trade regulatory
fixes in US:
1) Fine$ + margin call$ for FTDs NO
waivers at NSC's whiml
2) Mandatory Buy-In
3) If buy-in fails, raise offer$ until it
closes.
4) Suspend close accounts of brokers
who FTD 3x/month: SecExch Act
1934, 17A.a.5.(C)
The stability of the worlds economy relies greatly upon actual regulation and deferring mandatory buy ins in favor of naked short selling and FTD tolerance brings us closer to a monetary system catastrophe.
We need transparent markets and effective regulation. And that begins at the SEC. We need you to hold others to a higher standard. The DTC, the DTCC, the NSCC, the CFTC, the OCC, and so other regulatory bodies that claim to have the greater interest of market investors in mind.
Seeing the market standards for transparency, punishment of gender, and protection of investors most vulnerable is paramount. Sheltering the richest investors who abuse regulatory rules needs to end of the market is to be trusted and kept running efficiently and effectively.
Please see your way to protecting household investors, mandating buy ins, fines that are greater than profits gained, and suspend or close accounts that FTD and abuse settlement loopholes.
Thank you for your time. Please prove your capacity to protect the markets that are becoming less and less fair or free.