Mar. 15, 2023
March 15, 2023 The SEC should certainly be implementing rules that prevent conflicts of interest. It is unspeakable that you are now carving out exemptions for banks, market makers, and others. The liquidity provided by allowing these entities to ignore the rules is not beneficial to the market and instead constitutes fraudulently selling unowned assets. That's called theft and destroys the price discovery process. The world is talking about the United States' fraudulent financial system, this is yet another example of unethical behavior by the government and your institution to protect the pocket books of the wealthy. It is disgusting and completely unrespectable. All exemptions for all rules should be ended immediately. If a market maker or bank is unable to act without conflicts, perhaps by having a financial terrorist like Ken Griffin owning both a market maker and a hedge fund, then they need to go out of business. No more socialism for the wealthy.