Mar. 15, 2023
March 15, 2023 I can't tell whether the amendments to to this rule are a joke or just plain idiotic. The rampant abuse of market mechanics take place at market maker level so to exclude them from this proposal is signalling a green light for abuse of power by these entities, which are devoid of any morals that represent a fair and free market. I think it's abhorrent that exemptions would be made for conflicts of interest given that they are most pervasive in this dark corner of financial markets. Several of the C-Suite executives at market making firm Citadel are on the board of the DTCC, a blatent conflict of interest - yet the SEC is proposing exemptions to conflicts of interest in the same space? It's nonsensical and obtuse to even suggest such amendments.