Michael Alan Cooper Comment On Regulatory Notice 21-19
Michael Alan Cooper
N/A
To Whom it May Concern: I believe institutions such as Citadel and Melvin need to stop manipulating the market by illegal tactics. Strict enforcement needs to take place when these companies violate the rules regarding synthetic shares and FTD's. Fines of 10k are merely a slap on the wrist for these companies. The amount of money that these companies have would be like a 1 cent fine in ratio to the retail investor. This doesn't seem fair. These companies are more than willing to just take the miniscule fine in order to continue engaging in their market manipulation practices. Market manipulation creates a system that is designed to protect the wealth of the rich and prevent the retail investors from growing their wealth. Bottom line, please even the playing field. The large hedge funds need to be regulated severely. Thanks for your time.
Michael Alan Cooper Comment On Regulatory Notice 21-19
To Whom it May Concern: I believe institutions such as Citadel and Melvin need to stop manipulating the market by illegal tactics. Strict enforcement needs to take place when these companies violate the rules regarding synthetic shares and FTD's. Fines of 10k are merely a slap on the wrist for these companies. The amount of money that these companies have would be like a 1 cent fine in ratio to the retail investor. This doesn't seem fair. These companies are more than willing to just take the miniscule fine in order to continue engaging in their market manipulation practices. Market manipulation creates a system that is designed to protect the wealth of the rich and prevent the retail investors from growing their wealth. Bottom line, please even the playing field. The large hedge funds need to be regulated severely. Thanks for your time.