Feb. 3, 2023
February 3, 2023 Orders should be routed to lit exchanges for fair execution, every order routed through PFOF is swallowed up by a de facto fraudulent system that ensures that retail orders get the worst trade, and this rule only allows market makers to use the OTC markets to front run even further by placing a band aid on the problem. Allowing FTDs to sit on the books of these brokers, the SEC and other SROs are creating too-big-to-fail scheme that will ultimately contribute to a take down the economy, worse than 2008. Markets should not be a rigged casino where the most avaricious win through regulatory capture.