Dec. 26, 2022
December 26, 2022
I wholeheartedly support any and all proposals that would limit the various conflicts of interest currently ensconced in the Market Maker system that has abused retail investors and pension systems as their personal piggybanks. No single Market Maker should be allowed to dictate the value of a stock through opaque and outdated practices and procedures. Furthermore, no Market Maker should be allowed to own or run a Hedge Fund or Investment Firm which is tantamount to sitting down at a Poker table and playing against a dealer that deals himself a hand while fully knowing everyone else's cards. Look no further than the architect of Payment for Order Flow, Bernie Madoff, to realize it was never intended to be anything but an instrument to fleece the uninitiated and beginner investor.
Thank You.