April 20, 2022
I believe its is quite foolhardy for any organization involved in governing securities to make decisions not in the best interest of retail investors. There should be a fiduciary obligation to every day Americans who participate in the stock market. Disillusion the people and there will be a hasty loss of trust in our markets not only within our nation but also globally. Allowing FTDs, naked short selling, and other para-criminal actions to go unpunished would be a nail in the coffin. Furthermore proposing a way that those financial manipulators can make a deal with the NCCS to settle their poor decisions within the stock market, other than being directly held responsible, is even worse. The only way forward is to hold those institutions accountable for their inability to close positions or find securities to cover their short positions. And that is by making them reconcile with retail, make the deal they have to agree to be one that directly benefits the retail investors who have been (and still are) negatively affected by their nefarious financial tactics.