Dec. 23, 2022
December 23, 2022 As a retail investor, I am tired of being abused by brokers, wholesaler, and the banks that fund them. My order gets routed through the dark exchanges and then sold short through the lit. Institution then front run any orders to make cash and pay the higher borrow fees to support their nefarious and shady practices. Then they borrow what's left to continue to push the price down. It appears that their intentions with this model is to use algorithms to try and siphon money off of retail order patterns and psychology. The pure mechanics of this don't even seem to make any sense. Where are they borrowing all these shares from when the GME short interest was already previously 240% with zero evidence (from the SEC) that those positions were ever closed? There appears to be an unlimited amount of shares available to borrow by pilfering ETF's and some type of tokenized cyrpto derivative scheme (who is investigating the legality of this?). The result is short volume that is over a total for about 136 out of 139 (the past 6 months). Why would any retail investor want anything to do with this blatant manipulation of price? Lets see competition and fairness of the market. Please ban payment for order flow. Do not allow nefarious wholesalers to internalize orders for months at a time. Make them bid for best price execution. If that results in higher fees for retail I am ok with that. Competition at the broker level will keep fees in check. More competition in the private sector has always been a core principal of the American economy. What we have right now is a disgrace. Retail does not have trust in this system.