Feb. 24, 2023
February 24, 2023 I agree with Section 11A of the Exchange Act which says that its in the public interest and appropriate for the protection of investors and the maintenance of fair and orderly markets to assure the availability to brokers, dealers, and investors of information with respect to quotations for and transactions in securities. In the modern world of instantaneous global communication and information capabilities of so many varieties, its unacceptable that numerous Wall St. firms are able to utilize mechanisms that are unfamiliar, unknown, or deliberately hidden from household investors and others outside these firms. The new SEC rules are a good starting point, but as a household investor, I demand that these firms and any other body with the potential to unduly influence the market be required to provide: - Near-instant delivery of securities purchased by investors - Obvious disclosure of the ways they will use an investors account to make money to the detriment of the investor - Disclosure of algorithms used to take advantage of the markets - Near-instant reporting of securities bought and sold to the proper regulating bodies Finally, we need to start making the fines for financial crimes exceed the money made from committing the crime. Otherwise, its just a cost of doing business. Thank you for considering my ideas. I look forward to stronger enforcement from the SEC on the organizations that are currently running rampant on Wall St.