Mar. 31, 2023
March 31, 2023 File No. S7-32-22 Release No. 34-96496 Regulation Best Execution The SEC's job is to regulate marketplaces so that unfair competitive edges cannot create dangerous volatility where stability, transparency, and efficiency threaten the very existence of the marketplaces themselves AND the public's trust in such marketplaces. That requires Best Execution on trades across all platforms. THAT requires accurate price discovery, and closure of all loopholes and \"tricks\" you've allowed Wall St. thieves to get away with for years for fractional pennies on the dollar. In a future where countless marketplaces vie for relevance and power, the SEC will need to control how price discovery occurs therein. If prices are allowed to vary from exchange to exchange, the resulting differences would literally impact every company in the world whose hard-working employees suddenly find their \"value\" determined by speculators and options gamblers, rather than their actual productivity. And with short hedge funds over-leveraging the entire planet's GDP by factors of unimaginably-sociopathic magnitude, the SEC cannot allow something as basic -- but essential -- as price discovery. After all, imagine if all scientific measuring standards were de-calibrated by lobbyists hoping to discredit (or capitalize off the demise of) science itself, who would trust any research institute, let alone their findings? That simply would not be allowed to happen. Standardized pricing, enforced universally across any kind of exchange (even dark pools), is essentially to a free and efficient marketplace. Otherwise, what's the point? People might as well start making bank runs and not invest in anything but their own labor anymore, fiat currencies be [REDACTED] .