March 15, 2020
This proposal is yet another example of SEC continuing to gear the financial system in favor of their wealthiest benefactors, as if the worst ever inequality prevailing in USA between the top 5% and "others" wasn't good enough to line up already overflowing pockets of the top tier controlling all policy in the country. The irony is that the sector of society considered "eligible" enough to bet on market volatility, are exactly the ones that do with with borrowed money, declare bankruptcy at the first sign of trouble, and get bailed out by public money - as USA financial market history has proved again and again. Maybe, this time the greedy Bds at SEC should try to look inwards and think about coming up some policies to protect the public money being wasted away by those "eligible" market participants, rather than wasting time on such stupid proposals to justify their fat pay-checks.
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