Mar. 15, 2023
March 15, 2023
Hi - I previously commented on this rule, but I see a re-proposal has been made. This re-proposal introduces a lot of loopholes, specifically for market makers.
I am asking that the proposed rule be revised to exclude exceptions for risk-mitigating hedging activities, bona fide market making, and certain liquidity commitments. Household investors like me do not have the resources or ability to keep up with big banks and hedgefunds using billions of dollars and cutting edge algorithms to smash the little guy. It is the role of the SEC to introduce rules that protect household investors like me. This change to S7-01-23 is foxes protecting the henhouse once again. I expect better from the agency.