Apr. 19, 2022
This rule is nothing but a convoluted way for the can to be kicked down the road. This is in no way helpful for retail investors, and gives more power to institutions who are already stealing and not settling transactions that they have facilitated. We need rules where FTDs are actively punished- they should not exist. Any FTDs should halt trading for whichever firm is responsible. This rule would be a step in the wrong direction, and we are so many steps in that direction already. I'm getting tired of asking that something be done about these criminal markets. Retail