October 17, 2021
It was truly disheartening reading this proposal. The attempt to use jargon to simply create a rule wherein a CEO and Chair of ICE/NYSE can simply halt all trading to the exchanges he owns - because he decides to. There was no actual validation given. Just more rhetoric about how this protects market fairness, removes impediments, and perfects the 'mechanism' of a free and open market.. and he wants to 'protect' us.
Yet the NYSE/ICE is an Entity(LLC) that was just reportedly fined by the SEC upwards of 8 Mil on one infraction that included defrauding investors and selling data that was old and inaccurate - so we aren't even dealing with an entity that has shown credibility within the last fiscal YEAR let alone the historical perspective.
I was so excited to learn how to trade, finally, after years on the sidelines. Little did I know I would have to do forensic analysis on the entire market structure - which has led me into rabbit holes I could have lived my entire life without delving in to. The corruption in this market, is what puts investors at RISK. That is why this is not free, fair, or safe for us. The over leveraged positions these entities are in - oh yes, the CEO NYSE/ICE has a Trust and clearinghouse and a racket of exchanges he can halt and control.. and he wants to arbitrarily halt the Big Board - and all of the Banks that are in trouble are in this Trust with him. So, how exactly CAN he protect us when the banks are using our funds to short positions we are in and controlling our money by using it against us? With a 2 day halt while the Board meets to discuss how to further damage us, and protect themselves as so far, thats all we have seen them do. Then what happens in the end for the poor investor whom everyone seemingly wants to protect? The SEC collects a fine - no, not for the investor, for the SEC. The money cycles back and around over and over.
But never trickles into the hands of the tax payer, the consumer, and the retail investor (All the same entity). Us.
The ones giving our lives for your indebtedness. The hungry. The tired. The sick. The poor.
I do not approve of this rule change. And I am sad it forced me to have to look into who would propose such a thing at a time like this, and try to figure out why. The CEO needs to write up just HOW he believes this will help the retail investor. Give some examples of what happens behind the scenes over there and how halting for 2 days will help us in the short and long term. Spell it out for us, please. Be transparent about how this rule change helps, so we can consider an approval. But the overwhelming response in these comments, is clear. The Statutory Basis seems to be one sided and in the favor of only the owners and trusted partners of the exchange and they are all using investor funds. ICE is on the NYSE and owner of the NYSE. And so the Chair and CEO will have the authority to halt his own Company. I am thoroughly confused at how this isnt at very least, a conflict of interest? But, possibly something even more nefarious when you simply look at it from a Humanities perspective. Criminal, perhaps?
If the mechanism of the market is IN FACT Fair - then halts should not be needed based on the opinion or belief of just one person, who just so happens to be the founder of the exchange, clearinghouse, in bank trusts, futures..etc. of said market. There is an obvious conflict of interest here by way of the Rulemaker, and that's something we should start getting in front of more. I demand the rules that are being marketed to protect investors give examples of how they will be employed, not just stated as in this Proposal: Halts for the NYSE should happen because I can halt all my other exchanges. We weren't involved to see when those rules that allowed him to do that were passed. We are here now and paying attention to every dynamic shift and move, as this is our opportunity for generational wealth.
This has been hundreds of years of a game held together by what? Crony Capitalism? Just sheer insider trades and mafia/gang style oppressions of humanity? The plays are getting increasingly dangerous and more and more immoral acts are being played out on regular humans just to keep hiding the bones in the closet. Stop. This looks awful. Its shameful. Embarrassing to the young people we have to raise, and the global citizens who can see everything we are not.
Not Free. Not Fair. Not for the People. Not By The People.
Gentlemen, respectfully, you need to pay your bad bets and your debts, and let us innovate and create something better than what we are being handed. The greed is killing, and your ethics are blown. No more New Rules to kick the can. No more of this archaic oppressive - rich boys club where you make new rules every time its time to pay up.
You all bet short on humans.. thats what you did.
Humans showed up and decided to do something different this time. Not the same old 100 year: Depression/Pandemic/Interest Hike/War Play. We cannot continue the same cycles, that has become our insanity as a Nation. It will be our downfall.
We sat here all year, learning the market, holding our highly shorted and naked shorted tickers - calmly, watching you all make fools of yourselves and us as American People. Exactly how dumb do you think we are? I am dumb enough to say something. I would rather risk my life speaking up to save someone in a future from having to live and die like this. Is there no Plan B for America besides slavery and indentured servitude, while Owners and Masters sit shucking shells back and forth and above our heads? Is that really your only plan?
Creating a NEW RULE to halt all the exchanges whenever you feel like it, and now of the largest exchange the NYSE where it just so happens AMC, GME, BAC and so many involved tickers are listed? We say yes to that, and you mean to tell me that you will just sit behind closed doors and let demand pend .. and then open the floodgates on day three and actually - let this go? All we have to do is give you this last exchange of power?
I vote no.
I would like an apology for wasting my time with reading/commenting on this and having to see the intricate ways, means, and connections in the Market that I have all but lost every respect for. My Country that I am now embarrassed by. We are supposed to be so much better than this. Is there not anyone on Wall St and in DC who has not fallen on his/her knees to their own greed?
Self Protection. Self Regulatory. Self Proclaimed.
Nothing about this is Free. Nothing about this is Fair. Nothing about this is Transparent.
I suggest we start working on making it that way, and unfortunately that looks like Criminal Laws and times served in jails for those who are clearly abusing their power over humanity in an economically treasonous way. NO more of these fines that we Retail Investors pay with funds stolen from us in the Market, and then given to the SEC. That is called a Bribe it has always been a bribe.
We have much work to do and many seats to fill and people to remove. I am still baffled that a single person is both CEO and Chair of the largest exchange and the LLC that owns it. That these men can own the entire market and its campaigned as our economy. How can a casino where the House always wins, be the foundation of an economy for free people?
Sirs, you do not have to scramble like this. You have smart Americans right here participating and engaged. We are here studying the inner workings and dynamics of our fiduciary soundness. And so far, we have been the only ones unafraid to speak up, because we live closest to death everyday and are not afraid. We live poor everyday and that doesnt fear us either. So we have nothing else to do, but utilize our time to work on making America Better, while we live and breathe.
You have bright YOUNG people who youve laid off to validate your plandemic and further shorting of humanity, all to turn bad bets good. Go ahead and transfer the wealth and lets get on with getting things fixed up so this doesnt happen anymore. We can work together, or we can continue battling. I think at this point, all of retail watching and all the world, is ready for any act of manipulation as we have already seen so much. We saw you all remove the buy button and we lost Billions on those days. The shorts to this day have not covered and have instead continued to short us while we hold our vision of America dear.
I think I can speak for many of the investors I have met this year who hold as I do we are hoping for the best course of action for us, for once - which may of course not bode well for the current, and very corrupt (by way of SEC fines alone) market infrastructure but will be best for humanity. Its time for a New 1% - The People won fair and square.
No more New Rules. You have halted all year.
I look forward to seeing how you proceed.
Good Day.