What types of effective educational interventions have the highest potential to influence the behavior of investors, particularly newer investors? What are the costs of implementing such interventions? A great way to influence newer investors is by informing younger generations via social media platforms. As a young adult, I know that most people (regardless of race or income status) from the age ranges 12-28 spend a majority of their time on social media platforms, particularly Tik Tok.

Since the stack market is meant to operate on the principals of supply a demand. I believe that synthetic share creation through naked short selling or naked options needs technical controls enacted to prevent. Policy controls appear to be largely ineffective give the number of cases for violations listed on SEC.GOV. Given we can buy and sell shares and options why isn’t there simply an exchange instrument that represents a borrowed shares that tracks share available to borrow and stops when the limit of outstanding shares is met.

Synthetic shares need to be penalized and/ or outlawed. Additionally, dark pool trading needs to be stopped. Brokerages that constantly short stocks should be required to reconcile at market value no later than 15 days following the first FTD prior to being allowed to trade openly on that stock.

To whom it may concern, As a new retail investor, I want to see more transparency in our markets. I've learned that big financial institutions are abusing their privileges given to them; most notably their use of dark pools and naked short selling. An effective way to earn back the trust of retail investors is to put these often illegal practices on the forefront so we can find out what is being done to curb these types of behavior. FINRA and the SEC need to work together to teach retail investors about the risk they take on when these large financial institutions manipulate prices.