April 21, 2022
Hello
As a retail investor, I oppose this rule. Its clear that the NSCC and DTCC are colluding with you to bail out themselves and the corrupt institutions they represent. Retail investors like myself, have decided to buy and hold certain stocks because we like the stocks. I refuse to cave to the daily obvious price manipulation that I see. I will not sell until many people are arrested and there is systemic change.
Your agency is part of the problem. You are taking bribes from these institutions in the form of fines. You call them fines so you can sleep at night. But everyone knows they are bribes. The institutions are allowed to continue their manipulation with no substantive hinderance. This should he investigated and both the agency and the institutions should be prosecuted accordingly.
You allow unlimited naked shorting and creation of synthetic shares of stocks which represent large multiples of the real number of actual shares. You allow this unlimited manipulation by banks, market makers, hedge funds and family offices via ISDA contracts and the CNS program. You ignore all of this and allow these institutions to rape retail investors over and over and over. This is the reason the DOJ must investigate you and these institutions and charge all of you accordingly. The punishment must fit the crime.
This rule must not pass. Save yourselves serious jail time. I urge you to turn states evidence on the corruption and expose this vast criminality.
Sincerely
Greg Powell