Mar. 12, 2023
The current market is obviously not fair and this proposed rule is an important step towards making it more fair for the average person. Fair competition is incredibly important and it’s good to see the SEC prioritizing true competition. I think some broker-dealers should lose their licenses instead of receiving fines that amount to nothing more than a cost of doing business - a cost that is often outweighed by the ill-gotten gains obtained through “honest mistakes”. Either that or fines should be proportional to the earnings obtained through the use of illegal methods. Thank you.