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Oliver Comment On Regulatory Notice 21-19

Oliver
N/A

Hello, you need to fix your system asap. Naked shorting is way too easy and the fines are just ridiculously low. Remember: A fine that doesn't even cover the amount they gained and doesn't result into jail time is just a high bar entry check, nothing more... Dark pools are the shadiest crap I've ever seen in my whole life. What is fair about SOME folks being allowed to hide their actions? Creating synthetics via call/put, I mean [REDACTED]. How broken do you want the system to be? "Yes!" Reporting to the exchanges when and what you want, since there is currently no system in place where someone could *actually* verify if what someone reports is true? I mean [REDACTED]?! For such a critical part of the economy, there need to be *automated* procedures to track who is doing what. No matter how big the party. Means everything is routed through a single system before it goes to the exchanges? Ok then do it. But this crap can't continue, it's shady [REDACTED] and *clearly* not working for anyone but the folks who play the game like a mafia boss. Best regards Oliver