Catherine Bowman Comment On Regulatory Notice 21-19
Catherine Bowman
N/A
I don’t know a ton about finance or the stock market. I know less about options and derivatives (I did watch a PBS program about Brooksley Born once) and that is all I really knew on the matter. But I’m learning more every day and the more I learn the more I’m convinced that there is perhaps something rotten in the DTCC, SEC and FINRA… to name a few. It seems financial regulators refuse to do their job – and that job in my not so humble opinion is: To regulate in a manner that keeps the financial investing arena fair and equitable. And if that’s not happening, if corruption and fraud have run rampant while regulators remain silent – then the question must be: What is the actual point in a FINRA or and SEC or any of the regulatory bodies being fed off the taxpayer teat? For too long Wall Street shenanigans have gone unchecked and unchallenged. Every few decades there will be a cock up too big to hide, like an Enron or a Madoff – and then their will be others were agencies turn to the US citizens and taxpayers and tell us that this or that company is “too big to fail” and therefore we must shower select companies with a tsunami of taxpayer dollars so they can survive. Well, I call BS on that. Firstly, moral hazard, anyone. Anyone? Secondly, not a single company (in a “capitalist” system) is too big to fail and no industry is too big to regulate… so the question is: Why haven’t you? The illegal Naked Short Selling going on since Clinton rubber stamped the protection of derivatives allowing them to continue operating behind the curtain has been exponential, and as we leapfrog from one administration to the next, America has faced a new market crisis – seemingly at every turn of the political calendar. And we find ourselves at yet another nexus point. I know this: Americans are no longer willing to accept giving Wall Street Hedge Funds a leg up and handouts. We are no longer willing to accept privatize gains and public losses. We demand fairness and transparency… accountability. I would urge you to end the practice of Naked Short Selling, but a shrewdness of apes assures me that Naked Short Selling is already illegal. Short Hedge Funds should not be allowed to raid and ruin companies that are the engine of the US economy and that keep Americans employed via naked shorting while cloaking their debauchery in FTDs. You have one job! I’m asking you to do it – before entire generations lose fate in the notion and practice of free and fair financial markets. "Your email address will not be published on the FINRA website." We shall see!
Catherine Bowman Comment On Regulatory Notice 21-19
I don’t know a ton about finance or the stock market. I know less about options and derivatives (I did watch a PBS program about Brooksley Born once) and that is all I really knew on the matter. But I’m learning more every day and the more I learn the more I’m convinced that there is perhaps something rotten in the DTCC, SEC and FINRA… to name a few. It seems financial regulators refuse to do their job – and that job in my not so humble opinion is: To regulate in a manner that keeps the financial investing arena fair and equitable. And if that’s not happening, if corruption and fraud have run rampant while regulators remain silent – then the question must be: What is the actual point in a FINRA or and SEC or any of the regulatory bodies being fed off the taxpayer teat? For too long Wall Street shenanigans have gone unchecked and unchallenged. Every few decades there will be a cock up too big to hide, like an Enron or a Madoff – and then their will be others were agencies turn to the US citizens and taxpayers and tell us that this or that company is “too big to fail” and therefore we must shower select companies with a tsunami of taxpayer dollars so they can survive. Well, I call BS on that. Firstly, moral hazard, anyone. Anyone? Secondly, not a single company (in a “capitalist” system) is too big to fail and no industry is too big to regulate… so the question is: Why haven’t you? The illegal Naked Short Selling going on since Clinton rubber stamped the protection of derivatives allowing them to continue operating behind the curtain has been exponential, and as we leapfrog from one administration to the next, America has faced a new market crisis – seemingly at every turn of the political calendar. And we find ourselves at yet another nexus point. I know this: Americans are no longer willing to accept giving Wall Street Hedge Funds a leg up and handouts. We are no longer willing to accept privatize gains and public losses. We demand fairness and transparency… accountability. I would urge you to end the practice of Naked Short Selling, but a shrewdness of apes assures me that Naked Short Selling is already illegal. Short Hedge Funds should not be allowed to raid and ruin companies that are the engine of the US economy and that keep Americans employed via naked shorting while cloaking their debauchery in FTDs. You have one job! I’m asking you to do it – before entire generations lose fate in the notion and practice of free and fair financial markets. "Your email address will not be published on the FINRA website." We shall see!