Mar. 15, 2023
March 15, 2023
There should not be exceptions to the law. Legitimate market making has inherent conflicts of interest already. They should not be allowed exceptions. Infinite liquidity should not be a thing. This is not capitalism to make these exceptions. They can argue it is in the name of efficient markets but they have rigged the system in their favor. PFOF, internalization, hiding or positions through swaps, infinite liquidity (makes shorting without locates). Now we want to provide them with exceptions because they are too big and have expensive lawyers. The SEC needs to protect household investors and make the markets fair. That is capitalism. If the market crashes because they were running a Ponzi scheme then hold them accountable.