February 7, 2022
Thank you for putting in the effort to detail this out. It is quite ridiculous how so many bad actors have gotten away with this for so long. The fact that the SEC needs public comment on whether or not fraud should be made illegal says a lot about the state of the market today. fraud = bad, please pass this immediately.
Not to ignore the countless human lives and jobs of American citizens these practices have impacted. If the dollar is the reserve currency for most of the world and our markets are this corrupt on a daily basis, this is now a national security issue.
Trust and respect are earned not given. Allowing these bad actors to continue is a horrible mark for our country and our economic markets. There needs to be punishment, not fines that amount to the \"cost of business\".
1. They randomly discontinued swap reporting until 2023?
2. The majority of trading and price movement happens after hours and in dark pool markets retail does not have access to.
3. They restricted only ONE side of a trade, purely to help themselves stay afloat.
It is wrong in so many ways. Thank you again for shining some light into this.