Rex Reese Comment On Regulatory Notice 21-19

If short sellers can lower the price of a stock, they must be bound to honor the transaction. Through numerous holes in the system, short sellers are able, without serious legal or financial repercussions, to drag out settlement (apparently) indefinitely or avoid settlement altogether. Utilization of such settlement avoidance techniques is a violation of Federal law. That is, crimes -- a (RICO) pattern of crimes. Execution of many of the techniques requires knowing cooperation of brokers, market makers and others. Regulators are smart enough to know these techniques. Direct and circumstantial evidence is readily available to them. Yet, enforcement rarely occurs. When it does, it's usually by way of a de minimus fine. Disgorgement -- the only real deterrent -- is unheard of. Perpetrators consider enforcement risk to be a cost of doing business. It doesn't help when low-salary securities regulators and the perpetrators run a revolving door. Likewise, it is patently obvious that much of the financial media are unusually uncurious, as if this is all business as usual. In summary, the greatest market in the world is being corrupted in plain sight. The investing public rightfully is enraged. The moral hazard leading to the 2008 Global recession persists, albeit in a different form of corruption. For a detailed explanation of the subject techniques, the resulting corruption and the financial regulators' complicity, I commend your review of the following academic work, written by a former insider. For millions of long investors, institutional and retail, someone has to address and reform the system. Thank you for your continued interest and effort in protecting the integrity of the market. https://www.reddit.com/r/Superstonk/comments/ohivio/illegal_naked_shorting_techniques_employed_to/?utm_source=share&utm_medium=web2x&context=3