Mar. 07, 2023
If the fines are a fixed number, those fines are only the cost of doing business. Repeated rule-breaking should result in crippling fines. The rules are there and clear. Honest mistakes should be punished. When investors place an order there should be clear way to determine where the order is going to. And there should be some sort of independent rating agency (maybe even the SEC) that gives some kind of score to each and every market maker on their honesty and rule-breaking. The most trustworthy players should be incentivized this way. Tick sizes should be EQUAL for everyone! Less then a penny is a scam in my opinion. Odd lots should impact the price of a stock. Seeing household investors are growing as market participants. Kind regards. Stefan.