Gary Gensler, the chairman of the Securities and Exchange Commission, said on Wednesday that the agency was taking a closer look at some of the hottest trends in investing — SPACs and retail trading apps — out of concern that smaller investors are getting a raw deal.
See also “There’s an inherent conflict that even if it’s a penny, or two pennies, or some small fraction, that’s trading off against you, the retail public,” he said. Matt Kulkin, a lawyer at Steptoe & Johnson who advises clients on regulatory issues, said in an interview earlier this month that he thinks Gensler will try to change the market dynamics that now govern how retail orders are routed. An increasing proportion of trading is occurring in dark pools, and a small group of firms has an outsize role in the process.
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GENSLERRESIGN OR FREEXRP
Mr Gensler should RESIGN!! The lawsuit against Ripple was a corruption act from Clayton and Gensler does nothing! Not even reply to 30k people that signed a petition to him asking for drop the lawsuit
How is this question!!!! With high algorithmic trading and PFOF naked shorting, failure to deliver shares…. “We are in a boxing match blind folded with our arms tied behind our backs. “
Let’s address this first. Is this still going on today? Why is this law? Who benefits from this? Retail is not the issue, Rules for thee and not for me is the problem. It’s a free market. Leave it alone.
Shorts, SPACs and Retail Trading Apps - a love triangle 🔺
wow
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