November 29, 2021
Dear Sir or Madam,
I would like to express how important it is for a free and fair regulated market that all participants play by the same rules.
The rules should ensure that all participants have the same access to the same instruments regardless of capital strength.
This is not the case in the U.S. stock market, in the past year a group of hedge funds and market makers have emerged, which manipulate the market to their liking, without the SEC or other institutions would even have struggled to apply the law.
Certain persons, here called Kenneth Griffin has even lied about his interventions in the stock market before the committee under oath without consequences and it also seems to be without question to manipulate the market further. Assuming that the SEC investigated these cases and concluded that there was nothing to complain about, which in itself is a farce, the SEC and other institutions continue to allow manipulative market participants to continue to steal from the public, the American people and the world's population by not enforcing the regulations.
The outstanding FTD and shorted shares must be repaid and covered in full.
It is not acceptable that a citizen can not extend his mortgage and immediately sits on the street and in the case of the crimminellen machinations of the hedge funds a perpetual postponement is granted.
A permanent postponement of a rule change that would restore order to the markets is no longer acceptable to the American people's understanding of justice.
The U.S. markets will suffer long-term damage if it continues to be the case that rich, powerful people get their way through manipulation.
Unfortunately, I don't think that anything you regulatory agencies or other institutions can do will bring the zenario into balance, I think that the markets will continue to be manipulated and that none of you will dare to stand up against it and provide justice for all participants.
In the best case, the markets lose short-term capital in the worst young and solvent market participants who orient themselves on other global markets and turn their backs on the US market forever. It is up to you to restore the credibility of the regulators.
Yours sincerely
Olaf Kroeger