Subject: 10-239: WebForm Comments from Jacob Billings
From: Jacob Billings
Affiliation: Scientist

Mar. 03, 2023

March 3, 2023

 Financial markets should provide a mechanism for businesses to raise capital, and for households to participate in the growth of our economy.

However, the disregulation of markets, following especially the repeal of protections from the Dodd-Frank Act, underscores observations that financial markets are failing in their charge.

The current proposal to open markets to trading at all hours would only further disenfranchise business entities and houshold investors who are ill-equipped to handle the wide-spread use of preditory algorithmic trading by large investment firms.