July 9, 2008
I have been following the SEC handling of the rule change regarding the market maker exemption which allows option traders to exclude certain trades and to allow such trades to be naked shorted (counterfeited).
I am hoping the commissioners will defeat such an exemption as it is unfair to the investing public. It in fact allows market makers to take advantaga of most investors and allows the market maker to steal from other investors.
I tend to support the SEC in most cases but in this case, I hope you will support me.