Dec. 27, 2022
December 27, 2022 It is common sense these regulations need to be implemented. Between best execution (for retail investors, NOT \"market makers\", trading firms, systemic internalizers), and disabling the ability for firms to accrue Failure to Delivers on securities are the absolute bare minimums required for a functional free market as opposed to the crony capitalistic system that solely benefits the arbitrators. Payment for order flow was pioneered by Bernie Madoff and is clearly a conflict of interest for retail investors. We now see the system for what it is. It is beyond time the archaic plumbing is ripped out and streamlined.