Mar. 15, 2023
March 15, 2023
I am writing this comment because I am against market makers being an exception to the proposed rule that would allow conflicts of interest. No hedge fund or market maker should have an exception to trade securities that would be a conflict if interest in the purchase of securities. No one is above the law and that goes for market makers and hedge funds as well. Market makers shouldnt even be able to trade securities since they provide liquidity to the markets. Hedge funds and market makers should also not be allowed to use dark pools and off exchanges to purchase securities and internalize those purchases so that they are not on lit markets. If allowed, this is a slap in the face to retail/household investors and a sham of free and fair markets
In conclusion, market makers and hedge funds should not be allowed an exception That would allow conflicts of interest. Thank you.