Mar. 23, 2023
March 23, 2023
Dear SEC,
There should be NO exceptions due to \"liquidity\".
I would rather pay fees and have price transparency, as a household investor, than having an opaque system where I need to \"just trust me, bro\" the market makers.
The FTD (failure to deliver), that are already VERY frequent, are a bad enough sign I cannot trust these exceptions for the excuse of \"Liquidity\". If they provide the liquidity, how can they fail to deliver? A clear missing link needs exposure. Providing exemptions for ABS under the guise of \"liquidity\" is intentional obfuscation, and is a lie at best.
Thank you for working towards a system that works for everyone.
Sincerely,
Dustin Best