Aug. 16, 2022
August 16, 2022
I support transaction by transaction trading of securities as it makes our markets more free and transparent, disallowing unfair activity from those with greater access to information.
I support a 15-minute reporting requirement, with modern computers, there is no reason to have long reporting requirements.
There is proof that companies producing goods and services to the American people have been victimized be financial institutions that provide no real value except to themselves. I support rules that limit the ability of these institutions to victimize other companies for profit and rules that give those companies tools to fight those predatory practices.
Retail traders will greatly benefit from greater transparency in the markets. Retail investors currently work with outdated data which is totally unfair.
Increased transparency would also allow the public to aid the SEC in watching for illegal and unethical trading activity. It would also allow the SEC to act more quickly in cases of misconduct.
It is dangerous to our markets to have long chains of untracked security trading. This data is only available to a few insiders and does not allow for a transparent market. Public confidence in markets will continue declining until something is done about the untracked activity of large financial institutions.