Subject: File No. S7-01-23 - comment to reject exemptions for hedging and market makers
From: Bryce Keeney
Affiliation:

Mar. 23, 2023

 


To Gary
 
“reasonably designed written policies and procedures” that the institution manages themselves is NOT SUFFICIENT.  Market makers, and hedging, and providing liquidity are not proper reason to be excluded from the rules.  I reject exemptions.  They should either comply, or break themselves up into smaller companies.  Support retail, do not allow exemptions to the big players who are smarter than you and will abuse it. 
 
From Bryce