Aug. 12, 2022
August 12, 2022 It seems that conflicts of interest are and have been for quite some time the norm in American markets. The absolute level of corruption now obvious in the SEC, DTCC, FED, and all the SROs is absolutely amazing. Citadel has market maker authority and is able to front run every trade through their hedge fund side. Hester Pierce gets outrageous \"donations\" from investment banks and hedge funds as so does Janet Yellen. The list of corrupt individuals in places of power that are supposed to protect small investors, but instead steal from us is almost endless. These SROs are able to FTD for years and nothing ever happens. Retail has been robbed of billions of dollars with zero accountability for their actions. These new \"rules\" if passed won't be enforced. If Dodd-Frank were allowed to actually do what it was meant to there would be much less turmoil in the markets. There would still be illegal activities, but maybe not as much.. The SEC has allowed private special interests to liter ally take over and control the entire stock market. Derivative swaps, naked shorting, issuing fraudulent shares, its unreal how not a single regulatory agency has stepped up to stop any of it. But the small investor who didn't do his taxes correctly for capital gains gets a court date. The DTCC breaks the law in broad daylight and there are no repercussions for them. Theres no accountability. And now I've gotten off topic. Please address the massive conflict of interest currently robbing the markets of fairness. There is no reason at all that a hedge fund should also be a market maker. Nor should brokers be able to internalize trades instead of allowing buy pressure to build.