Dec. 28, 2022
December 28, 2022 The original arguments made in favor of the practice of internalization and wholesaling were deeply flawed and disingenuous, at best. A market where all trades are not immediately public is vulnerable to manipulation. If an institution, investment bank, family office, or hedge fund wants to enter into a large position in an investment, why should they be allowed to hide that fact? Their entry or exit into an investment SHOULD ABSOLUTELY affect the market, and it should do so immediately. In the absence of visibility, you lose honest, immediate, and public price discovery. Furthermore, these privately owned dark pools, internalizes, and off market trading have no regulation and oversight. All that exists is \"trust me, bro\". This proposed regulation is imperfect, at best. As many, it is overly complex. However, I feel strongly that it's far better than doing nothing. It's a good start. Thank you.