Feb. 04, 2022
As a long term retail investor and small business owner I overwhelmingly support the changes proposed in https://www.federalregister.gov/select-citation/2022/02/04/17-CFR-240.9. I am not a lawyer nor a stock market aficionado but I do understand this: THIS MARKET IS BROKEN, CORRUPT AND COMPLETELY UNFAIR TO THE AVERAGE RETAIL INVESTOR, IRA HOLDER OR 401K participant. The blatant fraud exhibited by hedge funds, market makers, brokers and other manipulators steals millions and millions of dollars a month on the backs of the American people and the retail investing community. It has become so blatant of late, particularly with Citadel, that I have removed all but a small portion of my money from the stock market and put it into physical assets that can not be stolen and manipulated on a daily basis! There are MILLIONS of us retail investors that are losing all confidence and belief in a fair financial marketplace and we are withdrawing to other areas like real estate, crypto and leveraged buyouts to get returns on our money. The stock market will completely crash again if we decide to leave en masse........IT IS THE SEC'S JOB TO FIX THIS!! The time is now! In this information age the criminal behavior of these hedge funds, market makers, dark pools et al is open for all to see. We need the SEC to make these changes to provide a fair and transparent market place for ALL investors and not just the well connected few. I for one, and I know many many others, will not be putting any more money into the stock market until and when the SEC stands up and does it's job, rewrites and closes the loopholes for the hedge funds and creates an open and fair marketplace for the retail investor. Sincerely, Greg Hutchins Commercial Glazing Services, LLC