Subject: Petition 4-785 Rulemaking petition to invoke SEC Rule 304 (a)(4)"
From: Michael Banister
Affiliation:

Jun. 6, 2022

 


Hello, I wanted to raise my concerns on dark pools affecting price discovery for stocks. We have seen gme and amc consistently above 50 percent of trades being sent through the dark pool. How is the free market dictating what the price is when so many orders don't go through lit exchanges. This gives financial institutions a huge advantage over retail traders such as myself. Thank you for your time.