Shares are just paper????? The money I pay for shares is REAL MONET.
Well then, you should be ecstatic, because what you're buying is REAL PAPER. Representing REAL SHARES. Which represent a complex relationship of the capital and debt structure of a company.
IE, a derivative with opaque valuation.
Options MMs no longer have the right to sell counterfeit shares into the market and call them real shares.
Nobody has ever had the right to sell counterfeit shares.
If you would like some recommendations on books covering market mechanics, I would be happy to oblige.