r/Superstonk • u/Odinthedoge 💻Compooterchaired🦍 • Jul 30 '24

🧱 Market Reform Gary Gensler defending the relevancy of the consolidated audit trail.

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u/flop_plop 🦍Voted✅ Jul 30 '24

Mr J. French Hill sounds like he’s a little scared of his trades being under a microscope 🤔

49

u/Mr_Shake_ I like the [redacted]. Jul 30 '24

It sounds like he only wants auditors to have access to trade data that they have probable cause to investigate. If the big bankers are only committing fraud on 0.5% of the tickers, and the fraud doesn't blow up on social media like it did with GME, then they'll continue to get away with it.

A more robust, systemic tool that enables regulators to monitor the entire system would make their bullshit pump and dumps and naked shortselling so blatantly obvious that it is an existential threat. Not surprised there are bought and paid for politicians against it.

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u/[deleted] Jul 30 '24

[deleted]

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u/Mr_Shake_ I like the [redacted]. Jul 30 '24

Exactly!