Dec. 31, 2022
December 31, 2022
While best execution practices, are in fact, way over due. This does not stop, nor address the ability for a Market Maker, and in turn every single broker, from sending all purchases of a stock to a dark pool, and all sells to a lit exchange. This does nothing to address the very real issue of 2 stock markets, 1 fake for the poors, 1 real used by the rich and powerful where there is actual price discovery.
If you wanted to make a real change, you would have simply made a rule that every single trade had to hit a public ledger with the actual tax reported cost per share basis. Instead we get an over due mediocre rule change that does nothing to address the real problem. May god have mercy on your soul.