Mar. 15, 2023
March 15, 2023
There should be no exceptions to this rule. The market making/hedging/liquidity exceptions would just be another way to suppress small/retail investors and open the door to other potential conflicts and exceptions that create unfair advantages, as well as potential toxic risks such as the bad wrapped loans that played such a big part in destroying the 2008 markets. This isn't about balance, it's clearly about greed and \"hiding\bad bets on the part of those whose responsibility is to bring liquidity. If there are conflicts of interest in any way, liquidity doesnt matter--it violates the protections that should be fundamentally due to investors who have the expectation of participating in a fair market. No \"rules for thee, not for me\"