Andrew Blakeslee Comment On Regulatory Notice 21-19
Andrew Blakeslee
N/A
As an investor in our countries “fair & free” stock market the suspicious activity surrounding a few stocks has made myself (and millions of other investors) quite skeptical on the integrity and fairness of the US stock market. The world is watching to see what happens as greedy hedge funds with billions of dollars tinker around with the market with shady (even illegal) tactics that could cause another massive market crash and billions if not trillions of dollars lost in the average citizens investment accounts, 401ks, etc. I fear that if this is allowed to continue a stock market crash is inevitable, and will show the world how manipulated our market truly is. After that, why would anyone want to invest in a market where the average retail trader is at a massive disadvantage due to poor reporting of short positions, fail to delivers, naked shorts, etc? None of this should even be legal. If new rules are passed (as they should be) regarding reporting of positions, etc, A $10 million fine when they are profiting $1 billion off breaking the rules is a legitimate embarrassment. How about a $2 billion fine, so they are actually being penalized? If we create new rules but don’t enforce or penalize for breaking the rules, what’s the point? This would be like a criminal robbing a bank for $100,000 in cash, and their penalty is paying back $100 that they stole and pocketing the rest. I would say that’s a no brainer. For a truly free and fair market all of this information should be available to any investor to use to make an investment with the full picture of what is going on with a particular stock.
Andrew Blakeslee Comment On Regulatory Notice 21-19
As an investor in our countries “fair & free” stock market the suspicious activity surrounding a few stocks has made myself (and millions of other investors) quite skeptical on the integrity and fairness of the US stock market. The world is watching to see what happens as greedy hedge funds with billions of dollars tinker around with the market with shady (even illegal) tactics that could cause another massive market crash and billions if not trillions of dollars lost in the average citizens investment accounts, 401ks, etc. I fear that if this is allowed to continue a stock market crash is inevitable, and will show the world how manipulated our market truly is. After that, why would anyone want to invest in a market where the average retail trader is at a massive disadvantage due to poor reporting of short positions, fail to delivers, naked shorts, etc? None of this should even be legal. If new rules are passed (as they should be) regarding reporting of positions, etc, A $10 million fine when they are profiting $1 billion off breaking the rules is a legitimate embarrassment. How about a $2 billion fine, so they are actually being penalized? If we create new rules but don’t enforce or penalize for breaking the rules, what’s the point? This would be like a criminal robbing a bank for $100,000 in cash, and their penalty is paying back $100 that they stole and pocketing the rest. I would say that’s a no brainer. For a truly free and fair market all of this information should be available to any investor to use to make an investment with the full picture of what is going on with a particular stock.