If regulators want to prevent people from gambling, then restrict the worst first. start be preventing online sports betting. then prevent sports betting at casinos. Then prevent slot machines at casinos.
and if the wish to help small investors, make Robinhood and others disclose how much they are paid for "pay for order flow"
And if they wish to help all investors, make big players disclose short positions and options positions. Allowing Citadel and Archegos to go without disclosure is a fraud perpetrated by the SEC.
And then force spacs to disclose proposed merged financials of their combined entities after execution of options and pipe payments.
taking away leveraged etfs is like setting a 35mph speed limit on the interstate but ignoring drunken driving, texting driving and street racing.
Daniel Lemmer Comment On Regulatory Notice 22-08
If regulators want to prevent people from gambling, then restrict the worst first. start be preventing online sports betting. then prevent sports betting at casinos. Then prevent slot machines at casinos.
and if the wish to help small investors, make Robinhood and others disclose how much they are paid for "pay for order flow"
And if they wish to help all investors, make big players disclose short positions and options positions. Allowing Citadel and Archegos to go without disclosure is a fraud perpetrated by the SEC.
And then force spacs to disclose proposed merged financials of their combined entities after execution of options and pipe payments.
taking away leveraged etfs is like setting a 35mph speed limit on the interstate but ignoring drunken driving, texting driving and street racing.