When companies are fined millions for breaking rules that netted them billions, there is no reason to not break those rules. Naked Shorting is predatory upon companies and investors alike. Make the penalty greater than the theft. Along with potential criminal referrals. This is only way to clean up the marketplace. It's gone on far too long. While 70 million to average people sounds extreme, it's a slap on the wrist to a company that literally steals 100's of millions from investors from their criminal like actions.
Ed Comment On Regulatory Notice 21-19
When companies are fined millions for breaking rules that netted them billions, there is no reason to not break those rules. Naked Shorting is predatory upon companies and investors alike. Make the penalty greater than the theft. Along with potential criminal referrals. This is only way to clean up the marketplace. It's gone on far too long. While 70 million to average people sounds extreme, it's a slap on the wrist to a company that literally steals 100's of millions from investors from their criminal like actions.