April 21, 2022
It is very important that the NSCC, SEC, and other agencies act to protect retail investors. Market makers, hedge funds, banks, brokers, and other entities alike have printed billions upon billions of synthetic shares, especially on heavily shorted stocks. We need transparency to ensure a free and fair market for, both, institutions and retail investors. Citadel Securities' 2021 Balance Sheet displayed that it had \"$65 billion worth of securities sold, not yet purchased.\" This is unacceptable and shows a lack of duty. One of the major problems in the market is short sellers, brokers, and market makers having the ability to continuously short stocks, especially when they never locate a share to begin with. Overleveraging by Wall St. institutions have put our markets in severe danger. Retail investors need the NSCC, SEC, DTCC, and other bodies to take appropriate action by having institutions take responsibility for their poor decisions. Pensions funds, mutual funds, 401k, and other retirement accounts are in danger as a direct result of overleveraging that seems to remain unregulated. Please pass all vital rulings so they can be enforced as soon as possible. Thank you.