October 16, 2021
This is a scandalous overreach which proposes to make legal the practice of halting trades in lit markets while allowing trades off exchange, and directly benefits institutional and hedge fund traders at the expense of retail investors, the very group it purports to protect.
It also presents a prime opportunity for corruption and bribery of government and market officials by market participants seeking use financial influence to disable parts of the supposedly free market as they see fit.
If this passes it will destroy the integrity of the US stock market and disincentivise inward investment, and significantly reduce America's standing in the world.