December 14, 2015
Dear SEC:
I believe that modern technology in this case High Frequency Trading has blinded you to your duty to protect us the individual stock investors and traders.
In the case of High Frequency Trading your duty was and is to prevent any institution from having a trading advantage over individual traders.
High Frequency Trading is no different than Front Running which is illegal.
I believe you should set a Speed Limit on trading and end High Frequency Trading in all its forms.
Please allow the firm IEX to become a normal exchange and compete directly with these illegally operating High Frequency Trading firms.
Please use IEX as a model to Limit Trading Speed so no firm has a Trading Advantage.
Please make High Frequency Trading illegal.
Sincerely,
James Hawley