Jeremy Rhode Comment On Regulatory Notice 21-19
It has become apparent to millions of investors in companies like AMC and GME that Citadel and other hedge funds are abusing dark pools to buy via dark pools in order to avoid creating buying pressure on the public market, then selling on the public market to create selling pressure thus driving the price down. Because they can essentially manipulate the price in this way their abuse them extends to options. Today, July 22, 71% of transaction too place in the dark pool. At one point this number was as high as 92%. The retail investor is simply powerless against dark pool abuse.