September 19, 2009
A few months ago, I started seeing articles explaining dark pools flash trading which absolutely made me furious. It is unreasonable that law enforcement (SEC) would allow certain investor to tilt the trading table to their benefit. I have heard for years that people on Wall Street were so much smarter that the average investor on Main Street that is why they make millions in bonuses. In fact, they are smarter in that they can convince the SEC to give them an unfair advantage so they can cheat and steal from the Main Street investor.
The SEC needs to provide a transparent trading environment which treats all investors/traders equally. The SEC needs to do its job.
Using the same justification as the Wall Street firms if, the SEC would give me a legal advantage I to can ensure a smooth orderly market. Just give me a few points advantage that way we dont have to rely on a free market.