Anonymous-JWS Comment On Regulatory Notice 21-19
Transparent markets End dark pool abuse Stop market manipulation Restore trust in US Markets!
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Transparent markets End dark pool abuse Stop market manipulation Restore trust in US Markets!
The market is not free. Shorts are a scam. Naked shorting is a scam. In the name of AMC… the company is a victim of shorting, and likely naked shorting with the recent information on millions of failure to deliver numbers DAILY! What is being done about this? How can we allow this in a free society? This is embarrassing to American markets. How can AMC trade its own float multiple times a week? How can AMC trade its float 3xs in one day? Stop allowing naked shorting. Stop allowing high frequency trading to control the price. Stop allowing 70% of AMC trades to go through the dark pool.
Eliminate T plus two settlement to T overnight. Also eliminate PFOF. Eliminate dark pool for retail orders from Fidelity, Schwab, JP Morgan, etc.
FINRA needs to crack down on naked short selling and price manipulation. I'm sure FINRA already knows these tactics but why they are not enforced really boggles my mind. If the fine is a fraction of the amount earned on these illegal tactics, then it's just a cost of doing business. They are hurting the entire market and putting everyone at risk.
https://www.reddit.com/r/Superstonk/comments/opna24/robinhood_cost_basis_fiasco_is_likely_an_attempt/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
It seems there are a lot of rules and guidelines already in place to ensure a fair stock market for the hedge funds and retail investors. But none of these seem to be enforced, so what the point? You look the other way why the market is grossly manipulated, and the little man suffers... is that the new American way? -Michael C.
do something about naked short selling instead of ignoring it. the reputation of the market is being harmed, and millions of new retail investors are watching. do something about the same handful of institutions trading the same shares back and forth millions of times every month to manipulate the market and steal from retail investors. publicly report when institutions are margin called. audit for hidden shorts in options, serial numbers for each share. the fines for violations should exceed the profit made by violating rules. thank you for your consideration.
I entered the market as a retail investor. I had an understanding of business fundamentals and decided to test my knowledge hoping to create some wealth for my family. After a year of buying and selling stocks, I realize I can never time this right. I wanted to understand why I am always on the losing end. Now, after reading what goes on in the so called dark pools, I realize I cannot trust the system as this was not designed for retail investors with little tools. My purchases routed through dark pools while retail investors are kept out of the after hours trading? how can this be fair?
Eliminate dark pools Fines should be greater than the profit hedge made from the illegal activity Jail time is needed for market manipulation. Short positions should be forcibly closed out if illegal market manipulation is found and trading rights of those involved should be revoked. Shorting taking place in the dark pool needs to be disclosed to the public. If an institution buys shares in the dark pool and then dumps (sells) those same shares on the public exchanges to tank the price, this should have to be reported. Fail to Delivers should be reported to the public as well as Finra.
Creating synthetic shares is the same as counterfeiting. Current fines are not a deterrent to the crime. Also companies cannot be put in prison, so fines must offset all profits created by the crime. With current technology, settlement can be confirmed within minutes if not seconds.