I am losing faith in the Regulations governing the Securities Market! As a retail investor I believe that the provably widespread practice of naked shorting dilutes the share pool of companies that I believe in which artificially lowers stock prices. It is a method that predatory short hedge funds use to drive stock prices down, rather than allowing the market to engage in true price discovery.
As a retail investor the main comment I have about our regulatory system relative to the markets is the penalties need to fit the crime. As it stands our penalties are nothing more than a small cost of business, and profits made far exceed the fines. How do you expect to deter illegal behavior if the penalty for committing it is less than a poke in the chest?? Increase the fines to double or even
#wheresgary Why is the SEC allowing hedge funds to lie, cheat, and steal from hard working, middle class Americans by manipulating the stock market with their naked short selling synthetic shares?
What is being done to investigate naked shorting? There’s obviously an issue with it in GameStop and AMC among others. When will we hold these institutions for the damage they cause?!
The rule filings that FINRA is proposing is long overdue. Regulations have not kept up with the technology of today. All accounts should have to be recorded at the close of a business day. The way that hedge funds are allowed to manipulate markets is criminal. The damage it causes to underlying markets is catastrophic when algorithms set in.
