Subject: Prohibition Against Conflicts of Interest in Certain Securitizations File No. S7-01-23
From: Abdirahman Barud
Affiliation:

Mar. 15, 2023

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If this proposal goes through as-is. Large market makers such as citadel, who also own hedge funds will be able to abuse the equities market for their personal gain at the expense of retail. 


This rule reduces the amount of information made available to household investors, which will hurt our ability to make informed decisions about our investments. 


Adding exemptions for market makers and other large institutions under the guise of "risk-mitigation", will do the opposite: there will be a greater systemic risk as these institutions use their special status and powers to enrich themselves using clear conflicts of interest. 


Thank you for your time. 


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