Daniel W Comment On Regulatory Notice 21-19
Technology is at a point where reporting times such as the current T+2 settlement is unnecessary and is being unfairly used as a tool for hedge funds and other entities to have leverage over retail investors. This can and should be transitioned to a T+0 settlement period. This modern world can transmit and receive data almost instantaneously and we should use this to help give the average investor a more level playing field. I fear that if regulatory bodies do not start making serious changes, the United States economy is in serious jeopardy.