May 7, 2021
I am a new investor and from the recent $gme and $amc situations I have taken to learn as much as I can about investing both long and short term in the last few months. Although I understand I am not an expert in this field, the clear manipulation of the stock market should be alarming to everyone involved in it whether its 1 share or 1 billion shares. I have personally witnessed numerous manipulative tactics used by hedge funds to control how it performs. Furthermore, I can only ask myself how many times has this been done without anyone paying attention? How many businesses have been shorted into bankruptcy? How many jobs have been lost due to these unfair tactics? I also question how much trust can every day people investing for the first time and other investors around the world, can have in a system that claims to be open and fair when it is anything but? I please urge you to take a strong look at the proposals and decide what is best for the overall market, not what is good for those who have perverted the system into their own playground where they make the rules and they choose how to follow them and leave the rest who attempt to play fair, in the dirt.