Tag: Gary Gensler (Page 1 of 3)

SEC Spent $460K on “Investomania” Meme Stock Ad

SEC Meme stock ad campaign costs
Market News: SEC spends nearly half a million dollars ridiculing retail investors.

The SEC spent nearly half a million dollars on the ‘meme stock’ ad campaign that ridiculed millions of retail investors.

A Twitter user had sent in a FOIA application inquiring about the costs to produce “Investomania”, the video published on the SEC’s official YouTube channel.

The agency that was established in the early 1930s to protect retail investors took a shot at millions of investors who participated in the ‘meme stock’ frenzy.

The frenzy became one of the biggest movements worldwide and exposed Ken Griffin’s Citadel, mainstream media, and the SEC in a web of conflicts of interest which catered to an array of market injustices that favored institutional investors over retail investors.

“Investomania” was a cold hit to the millions of average people who joined the stock market for the first time.

It ridiculed new investors and diminished what could possibly be one of the biggest movements in market history.

Let’s discuss it.

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Is the SEC Complicit to Market Injustices?

is the SEC complicit to market injustices?
Gary Gensler – SEC Chairman.

The SEC has put retail investor’s concerns on the backburner for over a year now ever since the ‘meme stock’ frenzy of 2021.

Although Redditors and social media participants from around the world managed to create big success by driving up the share price of AMC, GameStop, and others (BBBY, etc.), much much more was discovered during the process.

This is why retail investors simply couldn’t just walk away.

‘Meme stocks’ became the average person’s first-ever investment in the stock market which means many entered plays based on FOMO, or fear of missing out.

When these stocks began to come back down, many faced serious losses in the process.

Those who didn’t take profits argued that the stocks were heavily manipulated and suppressed from further rising.

The U.S. House Committee on Financial Services found Robinhood and Citadel negotiated in ‘blunt’ conversations the night before ‘meme stocks’ were halted.

The DTCC on the other hand waived a total of $9.7 billion of collateral deposit requirements on January 28, 2021.

This act saved institutional investors from taking further damages and completely ripped off retail investors from either cashing in larger profits or becoming profitable in the first place.

The SEC Shows a Warm Welcome to New Retail Investors

SEC Chairman Gary Gensler said in an interview with Jon Stewart that they barely have the budget for coffee at their agency, let alone the budget to fight crime in the market.

Dark pools, off exchange trading, and various other loopholes have been used to work against retail investors feeding the pockets of multi-billion-dollar hedge funds.

Many have wondered whether the SEC or Gary Gensler himself is lobbied into allowing these market injustices to occur – a fine to play if you will.

Out of all the incredible findings retail investors have brought to surface, the SEC decided to spend nearly half a million dollars to ridicule retail investors – the very same people they swore to defend, instead of tackling real market issues.

A Twitter user shared the campaigns production and advertising expenses with the retail community.

U.S. Securities and Exchange Commission FY22 Public Service Campaign.
U.S. Securities and Exchange Commission FY22 Public Service Campaign.
'Investomania' advertising costs.
‘Investomania’ advertising costs.

The costs of the “Investomania” meme stock advertisement campaign also include skits on ‘crypto’, ‘margin calls’, and ‘easy money’ aimed at the retail crowd.

Former SEC Branch Chief Lisa Braganca stated she was “very disappointing to see SEC disparage investors in meme stocks as if they must have done it thoughtlessly”.

“Especially when the SEC permits most trading to take place in dark pools… how about a video about dark pools @GaryGensler?”

Leave your thoughts below

Is the SEC complicit to the market manipulation that’s occurred over the decades?

What do you think was the purpose of the SEC’s ‘Investomania’ meme stock advertisement campaign?

Was it merely fun and games or do you think it was out of line?

Leave your thoughts below.

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Retail Investors Petition to Fire SEC Chairman Gary Gensler

Petition to fire Gary Gensler
Market News: Petition to fire Gary Gensler surfaces in retail community.

Retail investors have gotten together and started a petition to fire SEC Chairman Gary Gensler for obstruction of justice.

The SEC Chairman is believed to be complicit to the market manipulation occurring in the day-to-day stock market.

Gary Gensler admitted in a Bloomberg exclusive that 90%-95% of retail orders do not go through the lit exchange, such as the New York Stock Exchange (NYSE), but rather through foreign exchanges, or dark pools.

Retail’s concerns have fallen on deaf ears as market maker and hedge fund Citadel remains in operation.

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Retail demands Citadel investigation

retail demands citadel investigation
Citadel’s Ken Griffin.

The market maker and hedge fund, who also has its own dark pool, is responsible for processing almost 50% of retail trades.

How do they receive this many orders?

Through a process called PFOF, or payment for order flow, where the institution pays brokers such as Robinhood a fee for retail orders.

Citadel then profits from retail as they exchange these orders through foreign exchanges where they can get a better deal, pocketing the small spread.

But that’s not all.

Citadel is short on AMC Entertainment stock, one of the most popular stocks amongst the retail community aiming to squeeze short sellers from their positions.

Investors have looked at Gary Gensler for solutions to the stock’s suppression, but the SEC has only made fun of the retail community; and now they want him out.

Change.org

change.org fire gary gensler
Change.org | Petition to fire Gary Gensler.

Retail investors are now demanding for change.

But retail aren’t the only ones to stand up to the SEC.

Tesla’s Elon Musk has been very public about the SEC’s incompetence and has even spoken out against short sellers and malpractices used to short his company in what he calls short and distort tactics.

These same tactics have been used to drive retail’s favorite stocks down despite big demand for the stock.

Retail investors are rising to market injustices and are demanding the SEC Chairman step down and Citadel receives a proper investigation.

You can sign the petition to fire Gary Gensler on Change.org here.

The petition has already received more than 14,000 signatures.

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Citadel Loses Court Case to IEX Order Type

Citadel Loses Court Case to IEX Order Type
Market News: Citadel Loses Court Case to IEX

BREAKING: Citadel Securities just lost the court case to the IEX order type.

The ruling is a notable victory for IEX and a blow to Citadel Securities, which profits from small differences between the bid and ask prices in a trade.

(Bloomberg)—Citadel Securities LLC lost its case against the US Securities and Exchange Commission over a market order type from IEX Group Inc., after arguing the SEC botched its approval. 

A trio of federal judges in Washington on Friday upheld the regulator’s decision on the order type, D-Limit, which features a 350-microsecond delay meant to reduce the advantage of high-frequency traders.

The electronic trading firm founded by billionaire Ken Griffin argued that D-Limit hurts investors by delaying their orders and that the SEC approval process broke the laws and rules that govern it.

This is big news.

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A massive win for retail investors

iex order type

This is a huge win for retail investors and of course a big victory for IEX.

Citadel Securities, which profits from small differences between the bid and ask prices in a trade, will be losing a lot of money.

IEX, which markets itself as a champion of fairness in pricing for the average investor, began offering the discretionary limit order in October 2020 after the SEC stood by it in August. 

In suing its own regulator, Citadel Securities—one of the top market makers on the exchange—had asked the court to send D-Limit back to the SEC for reconsideration and reversal. 

Investors had no update on this case until now, Citadel loses the court case to IEX.

“The SEC’s determination that the DLimit order does not violate the Exchange Act by unfairly discriminating or unduly burdening competition was reasonable and supported by substantial evidence,” the court found.

Citadel Securities spokesperson David Millar said in a statement: “We look forward to continuing to engage with the SEC to ensure that the best interests of both retail and institutional investors are protected.”

IEX had no immediate comment on the court’s decision.

The SEC didn’t immediately respond to a request for comment. 

What Is The D-Limit Order?

The D-Limit order is designed to protect liquidity providers from potential “adverse selection” by latency arbitrage trading strategies.

This rule basically gives traders a way to buy or sell stock at the exchange while protecting them against unfavorable price moves, via Reuters.

“The D-Limit Order is an artificial intelligence order type that protects displayed lit orders from being picked off by latency arbitrage players.”

“It aims to benefit displayed equity market quotes with better prices, larger displayed sizes and more competition among liquidity providers.” via, JLN.  

This order is a massive threat to Citadel as it takes away predatory trading through the practices of market arbitrage.

What is Market Arbitrage?

Market arbitrage is the act of buying a security in one market and simultaneously selling it in another market for a higher price.

Traders frequently attempt to exploit the arbitrage opportunity by buying a stock on a foreign exchange where the share price hasn’t yet been adjusted for the fluctuating exchange rate, via Investopedia.

This type of trading takes advantage of everyone involved, including retail investors.

Citadel personnel argued that the D-Limit rule is detrimental to millions of retail investors and undermine the reliability of the markets.

Citadel Loses Court Case to IEX Sources: Chicago Business

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Gary Gensler, Ken Griffin: Involved in Audit Quality Scheme?

Center for Audit Quality (CAQ)
Market News: Center for Audit Quality (CAQ) conflicts of interest

Not only has Gary Gensler been complicit to ongoing manipulation in the market, but he seems to be part of a scheme that starts at the Center for Audit Quality (CAQ).

The conflict of interest is unreal when you have a big hedge fund owner and regulator in the same funding board, and a chief who either doesn’t get it or is part of this scheme.

Joe Ucuzoglu of the CAQ and Citadel’s Ken Griffin are part of the same funding organization, The Kennedy Center Corporate Fund Board.

The Corporate Fund Board is a nationwide partnership of distinguished business leaders (i.e., Ken Griffin) from prominent corporations (i.e., Citadel), helping mobilize corporate partners and secure critical funding.

Joe Ucuzoglu is the Chief Executive Officer at Deloitte US, leading the largest professional services organization in the United States.

According to the Center for Audit Quality (CAQ), Joe Ucuzoglu frequently speaks on a broad range of current issues facing the business community including the regulatory landscape.

You see the conflict of interest here?

What a mess.

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What is The Center for Audit Quality (CAQ)?

CAQ Center for Audit Quality
Center for Audit Quality Scheme | Gary Gensler speaking at CAQ

The CAQ is dedicated to enhancing investor confidence and public trust in the global capital markets by fostering high-quality performance by public company auditors.

The CAQ also convenes and collaborates with other stakeholders to advance the discussion of critical issues requiring action and intervention, and advocates policies and standards that promote public company auditors’ objectivity, effectiveness, and responsiveness to dynamic market conditions.

In simple terms, the CAQ works for the big guys to discuss critical issues they are undergoing and solve the problem(s) to fit their required market conditions.

The problem here is it leaves the retail investor out and caters to financial investors instead.

Gary Gensler CAQ

SEC Chairman Gary Gensler is in charge of protecting retail investors but seems to be enamored by his title rather than the actual work it takes to tackle market injustices in a number of conflicts of interest.

CAQ CEO background

As CEO, Lindsay is responsible for carrying out the mission and vision of the CAQ’s Governing Board, which is comprised of CEOs from eight leading public company auditing firms, including Joe Ucuzoglu’s Delloitte US.

Julie Bell Lindsay served as a Managing Director and the Deputy Head of Global Regulatory Affairs at Citigroup, a bank who’s been fined several times for fraud in the past decade.

Julie joined Citi in February 2009 as General Counsel – Capital Markets and Corporate Reporting, where she was the lead lawyer responsible for Citi’s public disclosures and global capital markets activities.

Prior to Citi, Julie served as Counsel to Commissioner Cynthia Glassman at the US Securities and Exchange Commission, where she counseled the Commissioner on all matters relating to public company disclosure obligations, corporate governance standards, the Sarbanes-Oxley Act of 2002, the Public Company Accounting Oversight Board and Financial Accounting Standards Board, enforcement matters, and issues affecting registered foreign companies. 

The Center for Audit Quality sounds more so like a lobbyist group than anything else.

But I’m curious to hear your thoughts.

Leave a comment down below.

Shoutout to @EduardBrichuk for the puzzle pieces on the matter.

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SEC Delays Audit Reform That Would Protect Investors To 2024

SEC Delays Audit Reform That Would Protect Investors to 2024
Market News: Consolidated Trail of 2016 delayed until 2024

The SEC has delayed an audit reform that would protect retail investors from nefarious practices in the market to 2024.

Opponents, including SEC Commissioner Hester Peirce want to scrap the entire project.

Hester Peirce is tied to a lobbyist group of anti-regulators.

Quite a contradiction being an SEC Commissioner if you ask me.

Keep reading below to find out how delaying this audit reform is a direct violation of retail investors’ rights.

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Consolidated Audit Trail of 2016

SEC News: SEC Delays market reform until 2024
SEC News: SEC delays market reform until 2024

In 2016, the SEC approved a rule to establish the Consolidated Audit Trail, which would capture data on customers and orders for exchange-listed equities and over-the-counter (OTC) securities across all U.S. markets.

The system would provide the SEC with an enormous database of information to help the agency detect and quickly react to events that disrupt the markets and could potentially harm retail investors.

Brokerages were supposed to begin collecting customer information for the CAT this month but in May, Finra delayed implementation of the CAT customer and account information system until the end of this year.

However, in an order on Friday, the SEC pushed back implementation of some SRO reporting obligations until July 2024.

“The CAT, a project designed to give the Securities and Exchange Commission and other regulators comprehensive market insight, has proved much harder and more expensive to implement than anyone anticipated,” SEC Commissioner Hester Peirce said in a statement.

“I have grave concerns about the whole project. The dollars, distraction, dissension, and drain of endless meetings over the past several years of CAT implementation are reasons enough to reconsider the entire project; the risks to liberty and security posed by the project should compel us to do so.” – Investment News

OTC trading goes unregulated until 2024

SEC News

Over-the-counter trading has been a real issue in our markets.

It’s allowed financial institutions to trade retail’s orders outside the lit exchange (NYSE), making it susceptible to market manipulation.

These markets are unregulated which leads to less public information and the possibility of fraud.

Delaying this market reform means the SEC is pushing a decade of complacency since the reform’s introduction in 2016.

Something the SEC is very good at.

The question is, how long does the SEC think they can continue to delay market reforms before investors take matters into their own hands, and into the streets again.

I’d love to hear your thoughts on the matter.

Leave a comment down below.

Is the SEC pushing it a little too far now?

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Related: Is the SEC Complicit to Market Injustices?

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Citadel Pushes Back on Possible SEC PFOF Ban

SEC PFOF Ban
Market News: SEC PFOF Ban threatens corrupt institutions

The SEC is addressing the possibility of banning PFOF (payment for order flow).

Citadel and other institutions are speaking out.

Gary Gensler said there may be a conflict of interest for brokers and that too much power is concentrated in a handful of market makers.

The SEC Chairman could be re-routing retail investors into an automated system that would provide a deep pool of liquidity.

If this goes through, it will be historic.

Let’s discuss it.

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SEC Payment For Order Flow ban

SEC PFOF Ban

Gary Gensler will be speaking on Wednesday in regard to best execution for market orders.

The SEC has been under heavy scrutiny by retail investors as the agency has not made any progress to level the playfield.

The government branch that’s supposed to protect retail investors has even gone as far as taunting investors for buying ‘meme stocks’ recently.

But industry participants have quietly been saying that Gensler will likely use a speech at the Piper Sandler Global Exchange Conference on Wednesday to float several proposals.

These may include best execution and payment for order flow according to CNBC.

Last year during the ‘meme stock’ frenzy, Citadel processed retail’s orders through Robinhood.

Citadel paid Robinhood to give them those orders (PFOF).

However, retail investors don’t want their orders going to Citadel since the market maker/hedge fund/dark pool are short on ‘meme stocks’.

90%-95% of retail’s orders are not processed though the lit exchange.

Citadel takes these orders and trades them at a bargain through foreign exchanges.

Although PFOF is an expense to them, they make a lot more money processing the orders.

If the SEC PFOF ban goes through, orders would not be processed by Virtu or Citadel.

Citadel fights back

A spokesperson for Citadel Securities released the following statement to CNBC:

“It is important to recognize that the current market structure has resulted in tighter spreads, greater transparency, and meaningfully reduced costs for retail investors. We look forward to reviewing the proposals and working with the SEC and the industry towards our longstanding objective of further improving competition and transparency.”

“You need to be very deliberate on that approach,” Ken Bentsen, president and CEO of the Securities Industry and Financial Markets Association (SIFMA) said.

“We have been calling for a review of market structure for some time, but let’s be careful not to try to fix things that may not be broken,” he said. “The retail investor is getting a better deal than they ever have.”

Would you pay small trading fee if it meant Citadel and Virtu no longer reroute your orders to benefit their pockets?

Leave a comment below.

The statement alone that retail is getting a better deal than ever before is such a dishonest thing to spew.

These institutions have been taking retail’s money, using it against them, all while taking no accountability for their actions.

It’s not clear yet whether the SEC PFOF ban will go through or not.

It is certainly something worth discussing though, don’t you think?

Leave your thoughts below.

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Former Branch Chief Disappointed by SEC Meme Stock Video

SEC Meme Stock Video
Market News: The SEC attacks retail investors with propaganda

The SEC meme stock video is circulating all over social media due to its surprisingly and unprofessional attack on retail investors.

The agency was created in the 30s after the Great Crash to prevent fraud and protect retail investors from predatorial practices conducted by Wall Street.

But something happened along the way – the branch has proved to take a stance with congress in tailoring policies for financial institutions.

Who is going to protect retail investors from the corrupt?

Former SEC Branch Chief expresses her thoughts on the propaganda published by the SEC.

Let’s discuss it.

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SEC publishes meme stock video

If you haven’t watched the SEC meme stock video, it’s embedded below.

SEC Meme Stock Video

The SEC published the video on their official YouTube channel where they restricted public commenting.

Former SEC Branch Chief Lisa Braganca said she was “very disappointed to see the SEC disparage investors in meme stocks as if they must have done it thoughtlessly – especially when the SEC permits most trading to take place in dark pools.”

She then tweeted, “how about a video on dark pools Gary Gensler?”

Lisa Braganca is an activist who fights for market transparency.

She’s talked on Matt Kohrs’ channel before and has done an AMA on Reddit’s r/Superstonk answering questions about self-regulatory regulations, SEC regulation, and SEC enforcement.

Gary Gensler admitted in a Bloomberg exclusive 90%-95% of retail orders don’t go through the lit exchange but failed to mention a solution to the problem.

In an interview with Jon Stewart, the SEC Chairman fails to deliver a quality and productive discussion on solving the problems in the market.

Jon Stewart described Gary Gensler as a sheriff in town that allows blatant corruption to occur.

For Gary, it’s clear it’s more about keeping the job rather than creating a legacy.

Activism matters

wallstreetbets

The SEC’s meme stock video might try to portray retail investors as young and clueless novice investors.

But that’s far from who the retail community is.

Retail investors outsmarted hedge funds, exposed the corruption in the SEC, mainstream media, and are now attacking with this propaganda.

It’s a sign of weakness.

The retail community is made up of a very diversified group of people all fighting for the same cause.

And this is a threat to corporate media and powerful institutions.

Republicans and democrats getting together to fight for market transparency, what!?

But this isn’t just about the left and right getting together to combat corruption, it’s a global movement – and opps (opposers) don’t like this.

Trey made a great point when he stated why doesn’t the SEC tackle the problems that created meme stocks in the first place:

  • PFOF
  • Off exchange trading
  • Prime brokers
  • Arbitrage
  • Naked shorting
  • Derivative leverage
  • Etc.

Activism matters.

Retail investors must continue to raise awareness of these issues despite the propaganda.

What are your thoughts?

The SEC has ignored retail’s cry for help, and now they’ve made fun of the community with this meme stock video.

Did this unprofessionalism in our government surprise you?

I’d love to learn what you think.

Leave your thoughts in the comment section of the blog below.

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Related: Ken Griffin Attacks: "Pension Plans Destroyed by Retail Investors"

SEC News: New Proposals Threaten MOASS and Market Justice

SEC News
SEC News – NSCC 2022 003 – NSCC 2022 801

Today I’m going to touch topic on some SEC news.

Be sure to bookmark this page as it will be continuously updated for your convenience.

The SEC recently released two new rules that essentially go hand-in-hand with one another.

They are NSCC-2022-003 and NSCC-2022-801.

I’ll be breaking these down in simple terms below.

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NSCC-2022-003 and NSCC-2022-801

SEC

NSCC-2022-003 and NSCC-2022-801 essentially have to do with allocating securities into other pockets of leverage through the use of SFTs.

I’ve seen a few mixed thoughts on this SEC news on Twitter and on Reddit.

However, I’m going to break it down in the simplest form possible, so you have a better understanding of what these new SEC proposals are stating.

If you have any comments, thoughts, or opinions you’d like to make public to the community, be sure to leave a comment below at the end of the article.

What is an SFT?

An SFT is basically a leverage tool that will allow parties to simultaneously exchange the same securities between one another, in exchange for collateral.

For example, the purpose of NSCC-2022-801 is to establish new ‘membership categories’ and requirements for ‘sponsoring members’ and sponsored members where they can access this leverage tool.

It’s a safety net for institutions with overleveraged positions to hold owed securities, but ensures sales are delivered in the market, preventing FTDs and naked shorting.

SFTs involve the owner of securities transferring those securities temporarily to a borrower, typically a hedge fund.

The middleman in this scenario tends to be either a bank or a financial firm.

In return for the lent securities, the borrower of those securities transfers collateral to a party with an interest rate attached to that collateral.

SFTs in a nutshell are meant to provide liquidity to markets to make delivery on short-sales, and avoid FTDs, naked shorts, and similar situations, according to the report.

Will these rules benefit retail investors or hedge funds?

SFTs can also be seen as a program that will allow the NSCC to liquidate a defaulter’s net position in an orderly way to prevent massive market disruption.

NSCC-2022-003 limits the positions that need to be liquidated to reduce the volume of required sales activity in the market.

What regulators have essentially created is a ‘legal’ backdoor for overleveraged hedge funds to launder illegal naked short sells and FTDs.

NSCC-2022-003 and NSCC-2022-801 are essentially the same proposals only with slight updates.

Keep in mind these are only proposals.

So, while these new rules could be beneficial to retail investors as far as eliminating naked short selling in the future, it washes away the damage already created by overleveraged hedge funds today.

I strongly believe short sellers should be held accountable to closing their overleveraged positions first.

If the SEC wants to protect the integrity of the market and prevent massive disruption worldwide, they will hold short sellers accountable, relieving all pressure imposed on heavily shorted stock.

Failure to do so will mark the event as the greatest financial theft in stock market history.

We are on the brink of massive change.

History is being written; one of two decisions will be made, and the outcome will last forever.

SEC Email: rule-comments@sec.gov

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Former SEC Chairman Says “Musk Has Done Serious Damage to the Market”

Former SEC Chairman Harvey Pitt
Market News: Former SEC Chairman Harvey Pitt takes Jab at Elon Musk

(Bloomberg) Former SEC Chairman Harvey Pitt, says Elon Musk has done serious damage to the market.

When asked what he would do if he were chairman again, his response will alarm you.

It seems the SEC has deep roots of going after those who expose their shortcomings.

Elon Musk has openly talked about how the SEC fails to protect retail investors and now he’s a target.

Let’s get more into what the former SEC Chairman had to say.

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The SEC is uncomprehending of the real issues at hand

When former SEC Chairman Harvey Pitt was asked what he would do today, he responds by saying he would investigate the motive behind Elon Musk wanting to buy Twitter.

Regulators to Elon: Why do you want Twitter?

Elon Musk: For free speech.

Regulators: Right, we got that, but why?

There are a number of things the SEC could be focusing on but continue to neglect retail’s concerns.

Harvey Pitt said Elon Musk is using influencer marketing to move the masses which could be dangerous.

Necessary commentary here: I rather someone with Elon’s influence to move the masses if it means exposing the shortcomings of our incompetent regulators.

The people have already been speaking out about the SEC for years, now they just need a scapegoat do ‘de-escalate’ the sentiment.

But the truth is we need more influencers to speak out on market injustices and corruption in our government.

Elon Musk has not created any damage to the market, our incompetent leaders have.

The SEC has no public support

Here’s a red flag, the SEC has absolutely no public support.

Numerous polls on Twitter have been conducted by retail investors where more than 90% of people say they do not trust the SEC.

Investors believe the SEC has been compromised and no longer serve the people, but rather serve the financial institutions in a pay-to-play system where accountability for systemic risk is pardoned with a fine.

Unfortunately, parties on the same side will attack Elon Musk’s reputation to shut down public perception.

Former SEC Chairman Harvey Pitt fails to realize we no longer live in a world where the people sit in silence.

Social media has given communities platforms to raise awareness of injustices in the world.

The reason why regulators and affiliates have a problem with Elon Musk buying Twitter is because they don’t want the people to have that power.

We can say the same for crypto.

Crypto hedge funds are emerging as laws are being written for cryptocurrency.

Crypto is a true representation of supply and demand, unlike the stock market which is tailored specifically for financial institutions.

The SEC caters to hedge funds and market makers, not the people.

Should the president or the people elect the SEC?

SEC

The president elects the SEC Chairman and commissioners.

Which means it would be quite difficult to remove these people from power.

Is this right though?

Should it be difficult to remove government officials from power?

That doesn’t sound American to me.

The people should be allowed to vote these people into power.

Jon Stewart for SEC Chairman, anyone?

Our government is getting more powerful and greedier.

We need people such as Elon Musk to raise awareness of the corruption in the markets.

It’s time the people take their power back and start holding regulators accountable.

Read: Is the SEC Complicit to Market Injustices?

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