February 19, 2022
S7-05-22
It is great that the SEC is working towards a shorter settlement time. However T+1 is not good enough. Settlement should be instantaneous. This proposal doesn't even go into effect for like a year. For the protection of retail, settlement needs to be instantaneous. T1, T2, doesn't really matter. Bad actors front run with information bought through PFOF, and pile up FTDs. So what are we even doing here.