Mar. 31, 2023
March 31, 2023 I'm in full support of the rule removing first choice order from CITADEL SECURITIES. PFOF has been banned by other European countries such as Germany and the Uk. The continuuous conflict of interest is too high to allow this kind of activity to continue. PFOF is being used for ill gains. 70% of all Robinhood's revune comes from PFOF. Its horrifying that is a successful business model. Dark pools have no place in a free market. Studies and the sec have shown how over 90% of all market orders are done on exchanges where retail has no access whatsoever. Its impossible for any healthy market movements when retail cant even participate in dark pools. There needs to be shared data amongst retail. Enforcement of these proposed rules should be immediate.