Mar. 15, 2023
What is the point of the new rules if market makers are exempt? The market makers, like Ken Griffin's Citadel, are at the very root of the vast majority of market fraud and criminal activities. Why is Ken Griffin even allowed to have market maker privileges? He's been fined countless times for any number of securities violations. He's been banned from operating in both China and South Korea for periods of years for the same illegal, unethical, immoral, and dishonest activities that he does here in the United States. The U.S. stock market is only the envy of the world because the ultra wealthy get to rob the middle class in broad daylight with no repercussions. It needs to stop. Do not allow market makers to have exempt status from the new rules. Otherwise, what are we even doing here? Market makers helped get us into the direction financial and economical problems we're currently facing. How are we even having this conversation? How can the SEC even entertain the idea of this? A flat out, resounding "No" should've been the answer to their asking for exemption in the first place. Why even allow it to get to the comment stage? Every single small investor knows what this exempt status would do. It would allow the market makers and men like Ken Griffin to just continue operating in the shadows with zero accountability while committing fraud and stealing from the poorest people in the country and world. They're not hurting for money. They get enough bailouts. Do the right thing here and deny their request for exempt status. Please.