October 16, 2021
I have to say, I am appalled by the veritable supernova of revelations regarding the SECs obsequiousness to market makers, brokers, and hedge funds at the expense of retail investors ever since brokers turned off the buy button of a few popular publicly traded companies in January without repercussion or penalty. And now, with this 2021-60, despite a complete inability to enforce laws already on the books, youre attempting to make more rules in order to expand the already gaping chasm of disparity between hard working Americans and the financial elite? The already translucent veneer of impartiality is being completely obliterated with this new rule. Please start enforcing your rules on naked shorting, close the loop holes, ban payment for order flow, and start doing what the American Public intended this institution to do: enforce a fair and level playing field for ALL.
The SECs fecklessness and inability to do prevent market manipulation and protect retail investors this past year has been nothing short of criminal and shameful.
This new rule clearly protects those with access to dark pool OTC trading by turning off lit exchanges while continuing to trade off exchange. That isnt fair. Support price discovery in a transparent and regulated market is all we ask.