Short selling of stocks, payment for order flow (PFOF) and Dark Pool trading should be banned completely. Shorting was banned by the SEC during the 2008 financial crisis and it has been banned in several markets worldwide. Shorting has caused promising companies to disappear due to naked shorting, manipulation and corruption that is rampant and obvious with no rule or law enforcement. Full transparency, laws, rules and regulations should be stricter and strongly enforced, rules with no enforcement accomplish nothing. Fines should be steep, representing double or more of the amount of their profits due to illegal activities. Currently they prefer to continue their illegal activities due to their profits being several orders of magnitude higher than theirs fines. So fines become a low cost of doing business. Fines should eliminate all their illegally acquired profits and more. Payment for order flow (PFOF) and Dark Pool trading should also be completely prohibited. Brokers use the order flow to manipulate the market, routing orders through Dark Pools in order to manipulate the share prices and profit from it. Brokers like Citadel have been routing orders to the Dark Pool, over 60% daily. Any transaction that goes into the Dark Pool has ZERO EFFECT on the market. The Dark Pool is being used for price manipulation and corruption. Payment for order flow (PFOF) and Dark Pool trading should be banned completely.
Neit Nieves Comment On Regulatory Notice 21-19
Short selling of stocks, payment for order flow (PFOF) and Dark Pool trading should be banned completely. Shorting was banned by the SEC during the 2008 financial crisis and it has been banned in several markets worldwide. Shorting has caused promising companies to disappear due to naked shorting, manipulation and corruption that is rampant and obvious with no rule or law enforcement. Full transparency, laws, rules and regulations should be stricter and strongly enforced, rules with no enforcement accomplish nothing. Fines should be steep, representing double or more of the amount of their profits due to illegal activities. Currently they prefer to continue their illegal activities due to their profits being several orders of magnitude higher than theirs fines. So fines become a low cost of doing business. Fines should eliminate all their illegally acquired profits and more. Payment for order flow (PFOF) and Dark Pool trading should also be completely prohibited. Brokers use the order flow to manipulate the market, routing orders through Dark Pools in order to manipulate the share prices and profit from it. Brokers like Citadel have been routing orders to the Dark Pool, over 60% daily. Any transaction that goes into the Dark Pool has ZERO EFFECT on the market. The Dark Pool is being used for price manipulation and corruption. Payment for order flow (PFOF) and Dark Pool trading should be banned completely.