Mar. 07, 2023
I believe for a free and fair market to exist, we must have rigid enforcement of marketplace rules. Currently, fines are just the cost of doing business. Big players skirt rules and regulations and when enforcement finally does come, it’s a slap on the wrist and a small fine. We should be holding Market Makers and bankers accountable for their actions with higher fines and jail time for the individuals coordinating any wrongdoing. I also believe Payment for Order Flow, or “rebates”, should be banned entirely. This practice tips the scales in favor of big players and leaves household investors exposed to price manipulation. As a household investor I would rather pay a fee to my broker, than to trade for free and have my trade data used against me. Odd lots being excluded from the NBBO is also troubling. Most trades from household investors are being placed in odd lots. How is it fair that the buying power of household investors is simply not calculated into the price of a stock? Please find a way to calculate odd lots into the NBBO. It’s discouraging as a household investor to see the way big players have positioned themselves for small fines, loopholes, shady calculations, and can kicking…all of which are unavailable to normal people. I see a glimmer of hope in some of the new rules and I feel like household investors are starting to be seen and heard. Please continue to hear us. Thank you. - adam aiello