October 16, 2021
Hello
I am a retail investor. I recently ran into the SEC's rule 7.13 and I believe its nature is strongly against retail investors. (Release No. 34-93309 File No. SR-NYSE-2021-60). My issues lies specifically with the idea that while the NYSE might halt all trading given said scenario while off-exchanges (ie. Dark Pools) may still continue operating. This creates a massive advantage for the participants and/or owners of said Dark Pools to openly trade and take advantage of investing opportunities that retail traders should have every right to participate in as well. Everybody being able to participate in The Market at will is what makes it \"free\", and having some party arbitrarily prohibit trading for some participants in that market creates an inequality. The opportunities that may arise from \"times when exchanges should be halted\" should be available to everyone to keep the market free. The referenced document states states that halting trades in some exchanges somehow creates a \"Free\"-er market which is absolutely nonsensical. More-over, giving Dark Pools participants (eg. corrupt hedge funds like Citadel) full reigns into trading on certain securities gives them an easier time manipulating with the prices of certain securities -- something that's been recorded and documented many times in the past.
I humbly request that your remove this rule to create an open and fair market that's operated in everyone's interest than a select group of parties.
Thank you for your time.
Best,
Omri