We the people are FURIOUS at the removal of personal identifiers from the Consolidated Audit Trail where the SEC and DOJ can charge and prosecute those involved with stock market manipulation @realDonaldTrump, @RobertKennedyJr, @elonmusk just look at the comments on Hester Pierce's post.
Get Paul Atkins to FIX THIS!
There's no way to track when an individual manipulates markets now with the "name" portion removed from the CAT reporting.
The same way dollars are diluted with fake printed money, stocks are diluted with fake printed shares.
Market makers legally dilute stocks every single day using the "Madoff Exception" that allows them to create fake shares of stock to sell, that they don't own, which dilutes the share's value
Naked Shorting @elonmusk
They did it to Tesla, and they do it to every company in the world.
The only way to stop it is to trade on lit markets.
That's why we've created @LitXchangeLLC to automatically route user orders directly to lit markets which prevents orders from being purchased using Payment for Order Flow (PFOF) by market makers.
No PFOF = No darkpools = No fake shares = No manipulation
@cvpayne Charles, sir, we have a major problem.
Congress is abiding by their QUID PRO QUO with wall street, and trying to abolish portions of the CAT system that are integral to naked short reform and preventing stock market manipulation.
I've never asked this, but it would be an honor to discuss this with you on your show, even if very briefly, to provide a retail-investor's perspective on why we need and support the CAT.
Fellow retail is emailing / calling their congressmen/women now to voice their opinions respectfully, and the more eyes on this the better it would be for us to put eyes on an important subject that most people are sadly unaware is literally stealing money from them every single day.
Here is a video of Charles' recent coverage on Fox Business regarding the CAT system:
https://t.co/zQiPhsQ7nn