To Gary Gensler, Members of the SEC, and Members of Congress who have oversight responsibility over the United States stock markets,

This petition is submitted on behalf of retail stockholders who are actively seeking answers and corrective measures regarding the unfair and tyrannical actions that are being seen within the United States stock markets. For far too long, multiple startup companies and veteran companies alike have had their stock price manipulated through the exploitation of certain loopholes in regulations surrounding the practices of naked short-selling, FTDs, phantom shares, and dark pool abuses. While these issues may not seem important to you all, we the army of retail shareholders represented by this petition, are beyond frustrated by the destruction of our investment value due to these manipulative practices at the hands of wall street insiders.

We the retail investors understand that there is an inherent risk with any investments we make. Losing money is a common occurrence in the stock market. However, the exploitation of the naked short-selling regulations undermines the integrity of the US stock markets and jeopardizes investors' trust in market fairness. After the financial crisis in 2008, naked shorting became illegal. The SEC is charged with the responsibility of keeping markets fair for all and delivering oversight of its own policies and regulations.

Written within the SEC code of regulations are sections regarding the threshold list that state, "In addition, Rule 203(b)(3) of Regulation SHO requires that participants of a registered clearing agency immediately purchase shares to close out failures to deliver in securities with large and persistent failures to deliver, referred to as "threshold securities," if the failures to deliver persist for 13 consecutive settlement days" (United States SEC, Section 3: Regulation SHO, 2022). We believe that loopholes in these regulations are being illegally exploited to the benefit of wall street insiders and the detriment of the retail investor.

Enough is enough. Citizens of the United States are forced by law to follow specific rules, and higher authoritative sectors must do the same. We are tired of losing money due to illegal trading and off-exchange trading, where millions of shares are generated out of thin air. The time to make things right is now. All we are asking is for markets to become fair again. Without the enforcement of rules, several companies will never have a chance at remaining compliant as publicly traded companies.

Respectfully submitted on behalf of the signers of this petition by,

Duane Thomas
Huntington Beach, Ca