Apr. 09, 2021
To whom it may concern, I recently started investing in January of 2021 after seeing a number of positive changes that instilled confidence in the direction that the American Markets were moving as the recovery from COVID-19 economic impacts began. The clear Market manipulation that has taken place the past few months has totally undermined that original confidence in both the American markets and markets internationally. The ability to manufacture shares, sell shorted stocks and other contracts to other market makers, and the ability to hide such contracts in ETF funds or other sources is unacceptable. There needs to be improved clarity and improved enforcement to stop these fraudulent practices and repair the integrity of our markets. I strongly urge for 801 to be implemented to address these issues before irreparable harm is done to publicly traded companies, retail investors, and the United States Government. If action is not taken, another economic collapse significantly worse than the 2008 housing and mortgage market collapse will occur and likely be further compounded by the recession that COVID-19 is causing. I cannot state more strongly, that implementation of 801 is a necessary and required step to prevent harm to the American economy. Thank you for your time. Best, Matthew Borrelli