The naked shorting and dark pool abuse that is going on has to stop if you want to call yourself any kind of regulatory agency. It is unthinkable that you allow retail investors to be stolen from by market makers, when it is your job to protect the sanctity of the system itself. Loss of confidence of an ENTIRE GENERATION of investors will likely cripple the US economic system and it will be due to your inaction in the face of blatant manipulation. The de facto duopoly of Citadel and Virtu is also grossly unamerican and would not be allowed to continue in any other industry. You must stop dark pool manipulation and force the accurate reporting of all shorts, covered or not, in order to start working toward a truly fair market.
K Davenport Comment On Regulatory Notice 21-19
The naked shorting and dark pool abuse that is going on has to stop if you want to call yourself any kind of regulatory agency. It is unthinkable that you allow retail investors to be stolen from by market makers, when it is your job to protect the sanctity of the system itself. Loss of confidence of an ENTIRE GENERATION of investors will likely cripple the US economic system and it will be due to your inaction in the face of blatant manipulation. The de facto duopoly of Citadel and Virtu is also grossly unamerican and would not be allowed to continue in any other industry. You must stop dark pool manipulation and force the accurate reporting of all shorts, covered or not, in order to start working toward a truly fair market.