Sep. 30, 2022
September 30, 2022 Continuously the stocks I trade in have seen 80% + of all trades moved through the dark pools and several of them have been belittled as \"Meme Stocks\" even though investing in a movie theater that was largely suppressed during a global pandemic was not a social movement for me. In that time I've seen the float of the company traded 50x in a single day, shares at brokerages lent out to trade against my position and no comment or mention by the SEC about those overleveraged or extended on the short side of the trade. I have only seen comment about the long positions encouraging us to exit or retreat from the stock, despite one of the oldest adages in the market being \"time in the market beats timing the market\". The SEC needs to ban PFOF as it is NOT in the best interest of the American retail investor, it also needs to ban the practice of brokerages being able to lend out client's shares, effectively working actively against their client's long positions. I have become more convinced every day that the SEC is not only disinterested in protecting my interests, but actively works against me by supporting large institutions that can shift and move prices as they see fit. Ban or restrict PFOF, restrict brokerages from lending shares without strict approval from the actual holders, and ban dark pool transactions, especially if it is retail orders being batched and rerouted.