Subject: File Number: 4-785
From: Ellis Freedman
Affiliation:

Jun. 7, 2022

 


I support the petition to remove AMC and GME from darkpools for 14 days. 


As it stands now, it is unfair to retail investors that more than 80% of the trading volume for AMC and GME is taking place in darkpools rather than a LIT exchange. This leads to to price suppression. Wholesalers are sending retail orders to darkpools so that buy orders have little to no impact on the price of the ticker. This practice is shady and unethical and allows the wholesalers to control the price of AMC and GME. Off exchanges/darkpools serve purpose for large institutional buys and sells, not for retail orders. 


Thank you, 

Ellis