Let me begin by stating I believe the apparent inability to administer existent provisions regarding shorting and naked shorting demonstrates a gaping hole in the system. FINRA and all related regulatory bodies have ignored the scams played by the hedge funds in hiding their activities as well as permitting a hedge fund to be the major market maker in a security they intend to pummel and drive into the ground--oh, and of course they have insider sight lines. You know better than I the many companies no longer in existences because the hedge funds have colluded and driven some American iconic brands out of business. Of course if you short, drive the company into oblivion, you never need to cover your position and therefore, voila. . . no tax obligation with the IRS. Ah, very profitable. A dirty, illegal, immoral, incestuous charade that permits managing partners to own $300M penthouses while the rank and file are turned out to file for unemployment. Reprehensible. YOU know what is going on, YOU have ignored it; YOU can change that; YOU have little time to re-instill a modicum of confidence in the U.S. stock markets; and, YOU should be unable to sleep at night until YOU stop the hedge funds from plundering the market in broad daylight. A market maker in a security that they can, themselves, short and naked short? The very security for which they are a market maker? This was the regulators' intent all along? And they pay for order flow too? C'mon. Wakeup and do what is right. The entire would thinks the hedgies are paying YOU off and that YOU are at the end of a string they pull. Heaven help us all.
Stryker Warren Comment On Regulatory Notice 21-19
Let me begin by stating I believe the apparent inability to administer existent provisions regarding shorting and naked shorting demonstrates a gaping hole in the system. FINRA and all related regulatory bodies have ignored the scams played by the hedge funds in hiding their activities as well as permitting a hedge fund to be the major market maker in a security they intend to pummel and drive into the ground--oh, and of course they have insider sight lines. You know better than I the many companies no longer in existences because the hedge funds have colluded and driven some American iconic brands out of business. Of course if you short, drive the company into oblivion, you never need to cover your position and therefore, voila. . . no tax obligation with the IRS. Ah, very profitable. A dirty, illegal, immoral, incestuous charade that permits managing partners to own $300M penthouses while the rank and file are turned out to file for unemployment. Reprehensible. YOU know what is going on, YOU have ignored it; YOU can change that; YOU have little time to re-instill a modicum of confidence in the U.S. stock markets; and, YOU should be unable to sleep at night until YOU stop the hedge funds from plundering the market in broad daylight. A market maker in a security that they can, themselves, short and naked short? The very security for which they are a market maker? This was the regulators' intent all along? And they pay for order flow too? C'mon. Wakeup and do what is right. The entire would thinks the hedgies are paying YOU off and that YOU are at the end of a string they pull. Heaven help us all.