Mar. 15, 2023
March 15, 2023
I believe that with the recent changes made to incorporate Market Maker and Hedge Fund best-interests in guise of \"benefits investors and markets\is yet another example of the SEC's inability to sufficiently protect the retail investor's best interests as mandated by the SEC's own charter. Language has been backtracked and removed that would have protected the retail investor from those directly responsible, the Market Makers and Hedge funds, for the economic issues and wealth fleacing we are now faced with today.
If the goal is to protect the retail investor and ensure we are sufficeinty protecting the best interests of said investorts by addressing conflicts of interest, then then let us begin by addressing the inherent conflict of interests with the Market Makers directly or inderectly owned and/or managed by hedge funds.
I do not agree with this rule as now proposed nor do I belive it is in the best intersts of the retail investors that it should be desinged to protect.