July 14, 2020
At a time when the movement of capital is more obscure than ever, the proposed enormous reduction in market transparency will only further diminish the trust individual and even institutional investors have in price formation and market integrity. That the SEC would even consider this action is deeply troubling. Is this a prelude to further action to make markets entirely contrived? Why would such a proposal even be tabled? Capital has become continuously concentrated in fewer and fewer hands over the past several decades and this proposal will only accelerate this unwelcome trend. I strongly object to this drastic reduction in market transparency