February 9, 2022
I believe that enhanced transparency requirements are a positive move towards a fair market for the retail investor like me. With the internet at our fingertips and extensive knowledge available, if we put the effort in, we should be able to know what institutions and market makers are privy to. It's not fair if we aren't able to receive all of the information that other entities are when we invest in the market. I feel that hiding this information puts the retail investor at a major disadvantage. I also believe that the use of dark pools should be limited to what they were created for in the first place. These dark pools should be used only for the intended purposes and maybe allowing only large orders from institutes would limit retail orders from being kept in the dark pool. I believe that more strict policies on transparency and also being consistent in enforcing punishments for violations will set an example for other entities to follow and respect the rules of the SEC. I believe that the punishments for these violations be individualized based on what profits were made during the rule violation. For instance, if a company makes 100 million dollars by violating a rule but is only charged 1 million as a punishment what will keep these entities from violation again when there's so much money to be made?