this post was submitted on 07 Dec 2023
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WhyDRS

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How resolve the "phantom shares" menace aka fake f'ing shares (x.com)
submitted 10 months ago by [email protected] to c/[email protected]
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  1. Real fine$ for FTDs [NO "margin call" waivers at NSCC's whim]
  2. Mandatory Buy-In
  3. If Buy-In fails, raise offer$ until it closes
  4. Suspend & close accounts of brokers who FTD
  5. Create criminal law for BDs who harm #HouseholdInvestors
  6. Give power back to states @NASAA
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[–] [email protected] 3 points 10 months ago* (last edited 10 months ago)

these are all good policy propositions.

unfortunately, rules like this will never willingly be implemented by the people who get to make these rules because that would go against their interests.