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Comment for Public Information Collection 87 FR 37839

  • From: Aaron M Wilgosh
    Organization(s):
    Postmedia

    Comment No: 69536
    Date: 8/23/2022

    Comment Text:

    Hi there,

    I'd just like to comment that I feel there needs to be more public reporting on swaps and short selling. Canada recently outlawed naked shorting but until then it has been a problem that is plaguing financial markets for decades. To protect retail investors, the government may need to get more involved in reporting as too much is handled behind the scenes. Dark Pool trading takes up most of the trading on wall street, meaning retail traders continue to get fleeced by Market Makers who are taking advantage of PFOF (Payment for order flow), when buy sell orders online are reporting 8-1 buy/sell ratio and the stock continues to drop on no news from the company, the answer is dark pool shorting abuse through ETFs and swaps.

    Please do a better job and ensure retail traders are protected as they are what makes the markets truly free, not market makers manipulating stocks to line their pockets.

    Self regulation must be dismantled, It's time for oversight from the fed.


    Thank you,

    Aaron

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