Jan. 11, 2023
January 11, 2023 Dear Secretary Countryman, I've just watched a Youtube video about a whistleblower from a certain hedge fund / market maker that provided information about said hedge fund / market maker fraudulently submitted so-called blue sheet documents mismarking and incorrectly reporting 80 million trades, especially when it comes to creating synthetic shares. Plus, according to said whistleblower, this certain hedge fund / market maker has supposedly gone out of their way finding someone with the same name as the CEO of a certain movie theater company whose shares have been sold short massively, and gave him money to sell shares in said movie theater company to convey the impression in news media reports and SEC forms that it is supposedly the movie theater company's CEO who is massively selling shares in the movie company. Holy mackerel. Are you frigging kidding me? Obviously, we've reached a situation of fraudulent activities of certain financial market participants that calls for asking the question whether the SEC is actually doing its job at all. I cannot help but wonder whether it is worth to consider shattering the SEC into a thousand pieces and subsequently rebuilding the organization from scratch with a proper mission and robust mandate. Sincerely, Jack Dawson, Professional Artist