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Most of the time right decisions are unpopular decisions. Everybody hates them but it is what's need to be done. Look at the current market and the shares that go up after the brokers gave the carrot to the investors. CSE has become a casino spot. Stock symbols have become betting hands. They have no relationship with the real world. Look at the number of posts here saying 'sudden interest in XYZ'. this is even before doing any changes.
Problem with giving credit to brokers is you can't trust the brokers. These rules have been there even in the beginning. But brokers did not follow them. When SEC require reports from the brokers, brokers make sure that on the report day everything is in order covering up all the debt. I wonder how much debt is hidden. I think many of the brokers who are crying 'in the name of retail traders' must be losing a lot from these illegal credit if need to be recovered or worse may be they cannot even recover them without giving more credit. May be if there's nothing to hide or haven't been giving credit on credit without a security then those brokers may not have to worry.
Problem with giving credit to brokers is you can't trust the brokers. These rules have been there even in the beginning. But brokers did not follow them. When SEC require reports from the brokers, brokers make sure that on the report day everything is in order covering up all the debt. I wonder how much debt is hidden. I think many of the brokers who are crying 'in the name of retail traders' must be losing a lot from these illegal credit if need to be recovered or worse may be they cannot even recover them without giving more credit. May be if there's nothing to hide or haven't been giving credit on credit without a security then those brokers may not have to worry.
