October 16, 2021
While I understand that you MAY have thought this proposed rule change would benefit investors.. You fail to realize that this actually creates an unfair advantage and does not promote fair trade competition.
Retail would be locked out and meanwhile other parties would be free to manipulate the securities to their advantage using other exchanges as well as dark pools that retail has no access to.
Preventing retail traders from access to buy and sell their securities, is the very same issue that caused a HUGE problem in January of 2021. Robinhood came under fire for this very same thing that you are proposing. How can you propose such a rule with a straight face?
How is this fair? To whom are you looking out for? Not to the small retail traders, that's for sure..
It is a travesty of a rule change, and the proposed 7.13 rule should be immediately removed, if you actually want to uphold the safe and secure fair trading for all investors big and small.
Remove 7.13, if you have any morals and dignity left inside of you.