>> The SEC estimated that the firm marked millions of certain short sales<<
How many millions? 90 million, 300 million, 500 million?
Is it time for SEC to at least identify "the who" of monthly or quarterly holdings in short positions? (The month-end click of a key would generate the tables). Why did the SEC not make public what was the gross value so much naked shorting?
As an example in February 2021 .. when the multi-year beatdown of nascent biotech began ... with the entire XBI down as the ETF's entire float was naked shorted at 107%?
In an age of massive capacity of server complexes, in on-site and cloud storage, in nano transactions racing to get ahead of competition ... exactly why is the amount and extent of exact how many millions of naked shorts a mystery, reduced to an estimate of "millions." At least let the longs know who are their manipulators. If these casino operators are sooo good at counting their cash in their hidden backrooms, why is there not robust data on who is doing the shorting?
Why doesn't the SEC just come out and say it -- "We are no longer able to understand, track and regulate the use of immense computing power and speed-assisted manipulation of the marketplace. Besides, your Congress will not fund new investment in regulation because Congress likes the flow of campaign funds coming from the casino that is the market." And the SEC is now acquiescing to the request of the casino to serve their clamoring clients to trade in bitcoin which, by original design definition, is a workaround to all regulation (and duh, the favorite target of international hackers). Maybe the SEC needs artificial intelligence.