Friday, April 02, 2021 9:37:41 AM
These short sales are almost always done only by market makers because they allegedly need to do so in order to maintain liquidity in the markets. However, these market makers are often brokers, mm’s or large shorting groups who abuse the market maker exemption.
Why the SEC doesn’t stop this has to make you wonder.... what is their motive for not regulating, obviously the first is that it is so rampant and widespread it would be disruptive to the markets if enforced and the other is imo heavy envelopes under the table, either way the rich and powerful get theirs and the little guy gets with no lube the shaft....
However the most egregious by far is allowing shorting of shares which don’t exist, the SEC is complicit and is as guilty as those doing and allowing more shares than are available to be shorted.
It boggles the mind something so blatantly illegal, and, both unfair and morally unjust is allowed to take place.
The SEC, OTC, Dow Jones, NASDAQ, FBI, justice Department and our countries leaders should be doing something about it, however... how can I say this, when the fox is in charge of the hen house it’s not going to be pretty!
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