April 20, 2022
I believe this of proposal is a way for some bad actors to cheat their way out of bad position an abuse the complexity of the market.
Retail is aware of some hedge funds illegal naked short selling and fail to deliver occurring to manipulate the price of some securities.
My trust in the US market is eroding since I learned about Payment for Order Flow, a scheme created by the thief and fraudster Bernie Madoff.
If this rule passes, creating another loophole for some avoid facing their obligations, I will face it as the last nail in the coffin for the trust I have in this market and pull my money out of this Ponzi Scheme.
Simplify the markets, go full Blockchain with real transparency. The technology is here to help us. People need to actually own what they bought.