February 18, 2022
If I can use my debit card at a grocery store and the transaction gets to my bank account securely within minutes, surely the market can get to T+1 or even T+0 in this modern age. Retail Investors do not have the edge on market transactions like Citadel and other Wall Street institutions have, and there isn't a fair and transparent market for us. The SEC needs to make important changes quickly to preserve our rights as investors in the companies we believe in rather than the manipulation that occurs within dark pools and greater than T+1 settlement dates that hide what should be considered illegal operations. The SEC fine system should also be overhauled with the view of preventing future illegal actions rather than the current slap-on-the-wrist system that allows infractions to reoccur unabated. Gary, the system is biased toward the companies controlling the market, and regulatory bodies should not be staffed with those same people that have a vested interest in preservin that status quo.