Stephen Williams Comment On Regulatory Notice 21-19
Stephen Williams
N/A
As I see it, the current US market is full of nothing but fraud and blatant manipulation, with regulatory agencies doing nothing to police it to the point of them being complicit in these actions as well. They are complicit through their complacency, with years of unchecked fraud and market manipulation in several ways. Naked short selling by large hedge funds like Citadel, point72 and Melvin Capital Management (and others) is being allowed to happen with impunity. When the punishment for these actions are fines that pale in comparison to the money being made by the illegitimate practices, they are not punishments at all. In fact I see these type of "punishments" merely being the "cop on the beat" taking his cut of the illicit gains. The SEC and FINRA have known about these illegal counterfeiting practices (and others) for many years, with nothing being done to rectify the situation. Faith in the US market is on shaky ground at this point and actions need to be take immediately. \- Naked shorting is illegal.- Conditions need to be met by regulatory agencies to ensure it doesn't happen. \- Short positions need to be reported daily by funds and market makers, and public notice needs to be reported daily on a public website for that purpose, for all holdings and companies in the market. \- Audits need to happen by regulatory agencies to ensure shorts and FTDs are not being hidden in options. \- Punishments need to be severe enough to ensure it doesn't continue, and in a timely manner (DONT TAKE YOUR CUT, STOP THE ILLEGAL ACTIONS). \- Large hedge funds and Market Makers are run by the same company. They need to be broken up. \- High frequency low volume trades done in dark pools are being used to influence stock pricing. This market manipulation needs to be clamped down on, enforced, and punished with heavy fines (eg: 100% of gains from illegal activity + 20%). I am thankful you are asking for input, it shows that hopefully something may finally be done in the market to combat the egregious practices we see hindering retail traders in todays market.
Stephen Williams Comment On Regulatory Notice 21-19
As I see it, the current US market is full of nothing but fraud and blatant manipulation, with regulatory agencies doing nothing to police it to the point of them being complicit in these actions as well. They are complicit through their complacency, with years of unchecked fraud and market manipulation in several ways. Naked short selling by large hedge funds like Citadel, point72 and Melvin Capital Management (and others) is being allowed to happen with impunity. When the punishment for these actions are fines that pale in comparison to the money being made by the illegitimate practices, they are not punishments at all. In fact I see these type of "punishments" merely being the "cop on the beat" taking his cut of the illicit gains. The SEC and FINRA have known about these illegal counterfeiting practices (and others) for many years, with nothing being done to rectify the situation. Faith in the US market is on shaky ground at this point and actions need to be take immediately. \- Naked shorting is illegal.- Conditions need to be met by regulatory agencies to ensure it doesn't happen. \- Short positions need to be reported daily by funds and market makers, and public notice needs to be reported daily on a public website for that purpose, for all holdings and companies in the market. \- Audits need to happen by regulatory agencies to ensure shorts and FTDs are not being hidden in options. \- Punishments need to be severe enough to ensure it doesn't continue, and in a timely manner (DONT TAKE YOUR CUT, STOP THE ILLEGAL ACTIONS). \- Large hedge funds and Market Makers are run by the same company. They need to be broken up. \- High frequency low volume trades done in dark pools are being used to influence stock pricing. This market manipulation needs to be clamped down on, enforced, and punished with heavy fines (eg: 100% of gains from illegal activity + 20%). I am thankful you are asking for input, it shows that hopefully something may finally be done in the market to combat the egregious practices we see hindering retail traders in todays market.