October 15, 2021
Absolutely not. Should a security be deemed in need of a trade suspension on NYSE, it should be suspended on ALL exchanges. This ruling would allow bad faith actors to further fraudulently manipulate securities to the detriment of retail investors who commonly do not have access to dark pools or other exchanges. In addition, the NYSE is a core part of our market, if a security is deemed too volatile, unsafe, etc, to trade on NYSE, the suspension is warranted on all exchanges. This ruling has a lot of eyes on it, and a lot of faith in the US market lies upon how current events are handled. This addition would not reinforce a positive sentiment for the US stock markets, rather, the exact opposite.
Retail investors are more educated than some would like to believe. The game is up, and eyes are on every single proposed change. Changes like this only consolidate the power that certain entities have on a given market. Consolidation of power is not a what the US needs, it needs accountability.
I sincerely hope those reading this take a moment to ask themselves which side of history they want to be on, because justice prevails every time, its just a matter OF time, and people are tired of staring at the clock...