February 8, 2022
With large positions, no entity should be protected from reporting and transparency requirements if they are able to use that protection to hide or obfuscate criminal activity, by accident or deliberately.
Retail traders are already at an information disadvantage.
If greater than 90% of all retail orders are not making it to lit exchanges (according to SEC chair Gary Gensler) then price discovery is being conducted by large private financial entities, not by the market. This is a problem.
I propose that financial intruments with high failire to deliver rates or are suspected by the SEC to have been abusively naked short sold. Should be restricted to trading only on lit exchanges either for a fixed period such as a month or until deemed safe to trade in dark pools once again.
PFOF should be banned, you know it's a dumb idea. It has to go.