Mar. 9, 2023
March 9, 2023 These changes need to be enacted without compromise in order to return honesty and integrity to our markets. Market Makers are not providing best execution for retail. In fact, given that most are directly associated with a hedgefund (such as Citadel Securities and Citadel LLC), and given their multiple fines over the years by the SEC, they have clearly demonstrated that they are incapable of operating in retails interest, and use tools like internalization and dark pools to manipulate trading data in their own financial interests. Their market making priveleges should have been revoked a long time ago, so at the very least these regulations should be put in place to remove their abuse of payment for order flow and other trading activity.