July 14, 2020
This proposed rule is a travesty for the SEC, market and its participants. At a time when the markets are controlled by the algos (another major problem) investor confidence, having been at a low, the last thing the market and individual investor needs is less transparency. The very fact that this is being proposed is mind boggling to me. If the goal of the SEC is to work in favor of the big fish than go ahead and pass this. But I can be certain that I will pull my meager amount from the market and I hope millions of small investors like me do the same. The way I see it the market is on fragile ground right now with the Algos run wild, why would you want to erode the confidence of the individual investor especially in these trying times as a nation.
Kind regards,
Jason Krill