Dave Lauer Twitter: Really feels like this sums up criticism of the new SEC rules by industry defenders. Everything works better off exchange, so why change it?


If this has you fumed and you would like to do something about it, please consider submitting a comment to the SEC (the only place they can officially hear anyone) by going here: https://www.sec.gov/rules/proposed.shtml

The rule proposals that have them big mad and Dave creating his first meme:

File No: S7-29-22 "Disclosure of Order Execution Information" & FACT SHEET

File No: S7-30-22 "Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders" & FACT SHEET

File No: S7-31-22 "Order Competition Rule" & FACT SHEET

File No: S7-32-22 "Regulation Best Execution" & FACT SHEET

If you want to know Dave's opinion on the 4 proposals, here is an unrolled tweet thread. https://threadreaderapp.com/thread/1603057688228896769.html

I hope everyone has a wonderful last Thursday of 2022!

Post on Reddit in case you would like to explore the comments there.