Dec. 27, 2018
Greetings, I hope all is well and everyone had a Merry Christmas. Regarding the SR-CboeBZX-2018-040 ETF proposal I personally believe not approving it does nothing but paint an image that the SEC has a manipulative side that only is seen from a 1 sided view point and that being your view on Crypto Currency. One of the biggest narratives that stand out as the SEC continues to delay and push the decision back is “manipulation”. With that continually being a driving factor as to the decision being delayed I can’t help but ask, how’s the manipulation of Crypto and different then the manipulation and tactics that currently take place within the exchanges such as NYSE, NASDAQ and further on. In 2018 alone I’ve watched as Companies deliberately diluted stocks to nothing. In lieu engage in a reverse split then dilute once again to nothing. I’ve watched Companies dilute securities and then file bankruptcy leaving retail investors at significant losses. I’ve watched shorts beat securities down to nothing by naked shorting even on days they are supposed to be blocked from shorting. I’ve watched as securities get pumped to 100% - 1000% and then dump within seconds to negative territory all in one day. So, “manipulation” and “regulation” doesn’t even run rampant within your very own scope of approved ETFs why are those narratives being the image your painting as why you are delaying an ETF on Crypto Currency? Other Countries are taking advantage of this great opportunity that lies in front of many but we here in the USA are lacking vision of the future. Bottom line, for the SEC to claim manipulation and regulation as their deciding factors for the delays or possible not approved ETF for Crypto Currency would be a narrow minded decision as both take place each day in the current traded ETFs, Securities and more that are overseen. Approving the Crypto ETF is a forward looking vision on Technology that will become part of our Futures and we have a chance as a Country to show that we are forward looking and taking an opportunity to as well seeing what will be a part of our future. We need this, we need the change from the traditional everyday traded ETFs and we need to show the world we are on board before we get left behind. Sincerely, Richard W. Sent from my iPhone