Jun. 7, 2022
Good day dear madam / sir, as an investor from Europe I fully agree with this petition, as there is an alarming and rising international concern regarding the integrity of the US markets. I understand dark pool may be necessary for big institutional block-trades, but it is my undersatnding, that they are not meant to be used for normal buy orders from retail. Their mechanics completly contradict a fair market, where price discovery is driven by supply and demand, so I see no reason why buy orders should be routed through dark pools to surpress a price movement. The dark pool trading activity has been tracked for a very long period of time for these stocks particularly and the percentage of daily volume is always higher on dark pools than on the lit exchange. If this is the normal state of the markets, then this is a real concern, as it would mean that we're in a completly fraudulent system. I know that the SEC knows, because the chairman Gary Gensler talked about this issue in an interview with Jon Stewart.. so I ask myself: What reason is there to keep it allowing, if it's known that it's wrong? Best regards an international investor