Mar. 23, 2023
March 23, 2023 I have pulled the text below from the fact sheet for S7-01-23: As specified in Section 27B, the proposed rule would provide exceptions for: Risk-mitigating hedging activities Bona fide market-making activities and Liquidity commitments. I object to using any standard that provides exceptions for these activities. Currently, HFs and MMs are abusing their duties to rake in record profits at their HF and MM businesses. We have heard \"infinite liquidity\" touted many times as if it is a positive which it is not, supply and demand systems do not work with infinites. No more exceptions for big money.