Feb. 22, 2023
I believe this proposal is a step in the right direction. It’s a impossible to have natural price discovery if retail orders are not being routed through the lit market. I want my buy orders to go through a lit market. Though this is just one issue that needs to be addressed. The fact that FTD’s are common in the marketplace to this day is the most criminal aspect of the market. Imagine buying something from an online store, having your credit card charged and being told you will receive it in 2 days only to never receive the package. Sounds like theft. It doesn’t matter how small of a percentage those fails are. Any fails by any individual or institution should result in not being able to participate in the market for those involved. Either the SEC helps retail or retail will help itself. It’s going to be very interesting when a company has all of their shares directly registered and these crimes against the company continue to take place. I think you guys should try to position yourselves to be on the right side of history before those shares are 100% DRS’d