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Harry Borchers Comment On Regulatory Notice 21-19

Harry Borchers
N/A

There is an obvious lack of regulation when it comes to short positions. The regulation that exists does not offer enough punishment to deter unlawful actions. The threat of jail time would be a much better deterrent for fraudulent activity as compared to fines. Isn't this how it works for everyone, or just the lower classes? There are two currencies; money and time. Criminals can make their money back and laugh at your fines. The corruption of our "free and fair" market is slowly being uncovered. How are failure to deliver cycles allowed to be broken? How are market makers allowed to use their own software in which they can mark short positions as long? Why are we allowing insane amounts of margin trading, and accepting option market trading as a basis for financial responsibility?