May 8, 2021
Having been a naive retail investor for many years, one who continuously lost money due to what I now know to be various market manipulations utilizing short selling methods that for the most part have gone unchecked for years by various hedge funds, the time has come for the playing field to be more leveled for all.
The recent meme stock phenomena is not a result of wild retail investors, it is a result of a situation created by reckless hedge funds who's goal is and was to drive good US businesses into bankruptcy for their own gain. When their plan did not work, now they found themselves exposed to dire consequences created by themselves, not retail investors who decided that these companies deserved a chance to survive the pandemic
Hedge funds have been able to manipulate markets for far to long at the expense of the everyday investor. Making fortunes off of others utilizing unfair tactics and hidden practices and blatant disregard for the law, should be punished to the fullest extent of the law.
Today the average retail investor has finally discovered the extent of which hedge funds are able to utilize Naked Short Selling, Synthetic Shares, never ending IOUs, Failure To Delivers and so on.
The time has come to put an end to the risk management carelessness of such hedge funds that without regard, jeopardize the US and Global markets as recklessly as they do.
With the implementation of this rule, it would almost assuredly put an end to the potential for the tremendous short squeezes the markets face now and would force hedge funds to mitigate the risks and damages they are inline today to potentially create at the present time.
The markets today are in a very unstable situation due to the actions of short selling hedge funds and the Federal Government needs to step in to correct this and to punish those responsible.
Whatever will occur in the markets in the short term is anyone's guess, but we will move forward with the passing of this rule to ensure this can never occur again.
002 needs to be passed 100% by the SEC and anyone who refutes that has an ulterior agenda.
Thank You For Your Time