Jul. 7, 2023
Dear Ms. Countryman, This is absurd. The SEC has mislead the public into thinking that required filings show an accurate representation of the marketplace so that investors can make informed decisions. A transaction that is one step more complex and has a different name does NOT void the reporting requirements. You have allowed substantial dilution of market cap, extreme unforeseen volatility, misrepresentation of position, and unsustainable fractionalization of your market by ignoring the rules you are mandated to enforce. You do not need to make a rule to enforce your rules. Enforce your rules. After you pass this rule, why wouldn’t fraudulent entities simply obfuscate the transaction one more layer and give it a new name to avoid the new requirements? The entities who avoided reporting requirements by slightly changing the transaction committed FRAUD. This is FRAUD AGAINST AMERICAN PEOPLE. IN MANY CASES BY FOREIGNERS. IN MANY (all) CASES ON MARGIN. They should be removed as market participants and incarcerated. Their assets should be liquidated to make victims whole. They have good genetics, and will be able to pull themselves up by their bootstraps. Sincerely, You’re all criminals and your ponzi will collapse.