Jan. 03, 2023
January 3, 2023 I am FOR the new NMS regulation change. In my limited experience over the last two years I have seen chart screenshots of buy orders that should be going to lit markets being internalized, and only sell orders are sent to the lit market. Institutions use this method to drive the stocks price down. Also, Bad institutional actors have unfair advantage over retail by accessing macro trend PFOF data. They can figure out how to stop a squeeze from happening or get their media propaganda wing to pump a stock while quietly selling off. There is NO open competition for stocks, as they are subject to intense manipulation under the current regulation. There should be NO exception to the general prohibition in the amended regulation. The PFOF system does not benefit retail investors, as bad institutional actors have access to macro trends and are able to skirt the current regulation.