Feb. 05, 2023
February 5, 2023 Without fixing this leaking pipe in our nation's financial markets -that is, retail order flow- the SEC cannot achieve its mission quote, to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation, end quote. Any increased variance in price is likely beneficial to retail investors via a reduction in the discrepancy between mean price in a theoretical, perfectly-liquid market and that of reality. In the best interests of retail investors, particularly my friends on r/wallstreetbets, I hope to see this proposed rule change implemented.