Jun. 08, 2022
Dear SEC, I am pretty regular guy, fortunate enough to have a ~$15k account with Robinhood, where I buy and hold what I perceive to be “value investments”, almost entirely blue chip stocks. Robinhood was the first platform to enable a guy like me, to build the truly diversified stock portfolio of my design, with small positions in many equities, without depending on mutual funds. As far as I can tell…. 1. Deal order flow is the thing that made commission free trades possible. 2. Commission free trades are what make economical diversification possible. Please don’t screw it up. Best Regards, John Monaghan Brokerages and trading firms pushed back forcefully against SEC Chairman Gary Gensler’s proposed changes to U.S. stock-trading rules https://www.wsj.com/articles/sec-considers-routing-equity-trades-into-competitive-auctions-gensler-says-11654705854