Feb. 07, 2022
Retail investor here and I am in favour of this rule. These rules have rarely been enforced with anything other than small fees. Please make the enforcement perfectly clear in these rules. The punishment should be the profit + a percent of total income for investigation + a donation fee to charity. The less up front financial firms are through filibuster tactics the more they pay. Due to the lack of consequences on Wall Street; crime, gross negligence, and misreporting have become the new standard. Until the overall dark pool abuse, (“90 - 95%” as admitted by Gary Gensler) is resolved, hidden positions in married call/puts, and naked shorting are prevented I will continue my distrust of government officials to enforce any change in these rules. If the aforementioned problems continue, I’m sure retail investors will be forced to stop investing in the stock market and find a better use for their funds.