Rep. David Scott of Congress was once named one of the top 25 most corrupt members of Congress by the political watchdog group of Citizens for Responsibility and Ethics in 2007.
Now he wants to put a bill that will make it hard for retail investors to participate in the stock market and even implement jail time for users on social media…
Yeah this is not going to go well.. at least for rep. David Scott it’s not.
Welcome to Franknez.com – the blog that fights for your financial freedom. Today I want to discuss why our community continues to be a beacon for change against market manipulation.
Let’s get started!
Leaders are getting desperate. Retail investors are fighting for a fair market and are now getting attacked for doing so.
I said this on Twitter earlier, it’s going to take every single one of us to make change happen. And although it might not seem like it at the moment, we’ve made quite some progress already.
We’re on the radar now and our voice is being heard. I believe that those who aren’t in favor of a fair market should be looked at very closely.
David Scott Gets Intimidated By The Power of Social Media
I’m not sure if David Scott knows this or not but social media is not a new concept and it’s certainly not going anywhere any time soon.
That is unless Mark Zuckerberg halts the spread of powerful information again, smh.
Social media platforms have allowed communities and people to have a voice they couldn’t otherwise have had decades ago.
When the people begin to make noise for change, they are often ridiculed or labeled as conspiracy theorists as a way to shut down the voice.
Billionaire Grant Cardone just mentioned this on Twitter following the insider scandals occurring within our financial systems.
The truth is, it’s time to pass the torch.
David Scott wants to make it hard for ordinary people to invest in the stock market. This is something I’m 1000% against for.
I believe everyone should have the right to participate in a fair market where they can invest in their favorite companies and also create generational wealth.
You can’t get mad for losing millions of dollars in the market and then say you want to create a bill so that no one else can play against you. The world doesn’t work that way.
You can see chairman of the SEC Gary Gensler almost pull a smile from hearing David Scott speak. I think this is a clear indication that the SEC has no intention in letting this happen.
What Do You Think?
Do you think Gary Gensler will allow this narrative to become a reality? Let me know in the comment section below or vote on this Twitter poll.
Not a lot of people have faith in Gary Gensler or the SEC but can you imagine the heroes they’d be if they liquidated short sellers and actually began protecting retail from market manipulation?
They would make history!
That’s the kind of power and legacy our leaders have at the moment. The new world we live in rewards its heroes and honors them.
Gary Gensler and the SEC have two very important paths they can choose from. My advice to them? Have courage.
So instead of bashing Gary Gensler and the SEC, I believe we should be encouraging them instead. Because courage isn’t easy, it’s difficult.
It takes courage to stand up for something, it takes courage to make a difference, it takes courage.
Insider Trading Is The Real Problem, Not Retail
Representative David Scott only put a magnifying glass on himself. How about we tackle insider trading and injustices within our own financial system first.
Let’s start at the root. Fed’s Kaplan and Rosengren have already been caught in a scandal regarding insider trading. Policy makers should not be allowed to participate in the markets.
This gives them way too much leverage and allows them to bend rules in their favor. Ladies and gentlemen, this is the real problem – not retail investors.
And those against a fair market know this. But greed doesn’t care about fair. Greed cares about greed.
Gary Gensler knows that prohibiting people from participating in the markets is a direct violation of his duties to serve the people.
I don’t see the chair of the SEC backing up rep. David Scott on his delusional vision of implementing jail time for discussions about stocks on social media.
How are you going to put millions of people in jail for voicing their thoughts and opinions on social media? Guys, I know you can’t see me but I’m facepalming right now.
Let’s not attack David Scott though, the poor man is lacking something significant in his life. No person with their head screwed on right thinks of taking the rights of another human being.
Let’s address the issue civilly.
Can The Government Stop Retail Investors From Trading Stock?
Absolutely not. Any bill preventing the people from trading in a public company is a direct violation of the people’s freedom.
Capitalism is the American way. We have to right to create businesses, establish and donate to charities, as well as support and invest in innovative companies that serve us as consumers.
Limiting who can and can’t trade in the stock market would cause an uproar. CEO’s and influential entrepreneurs thrive from investor relations.
Businesses and investors alike would not support this. Preventing the people from a fair market is un-American.
Americans and our allies will fight for our freedom whether corrupt politicians like it or not. It’s what our founders have done and it’s the reason why the people will always win.
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