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.
Jaydee DeJesus Comment On Regulatory Notice 21-19
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.