foobar on substack: Why Finality Matters - Reversible transactions impose a hidden cost on everyone.
Source: https://0xfoobar.substack.com/p/why-finality-matters
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NSCC's got a "rule for throwing out rules". So we're going to throw out their rule, for throwing out rules. You in? ๐
NSCC's Rule 22 lets officials change/ignore rules at will and skip actions like closing failing trades (e.g., GME) if it might "disrupt the market". These changes donโt need full public disclosure and can last up to 60 days without extra approval. Awful, right? Send your petition!
To the people familiar with the matter complaining DFV updates are market manipulation, please revisit Gary Gensler's testimony from Thursday, May 6, 2021
To the people familiar with the matter complaining DeepFuckingValue/RoaringKitty/Kieth Gill updates are market manipulation, please revisit Gary Gensler's testimony from Thursday, May 6, 2021 at the house congressional hearing GAME STOPPED? WHO WINS AND LOSES WHEN SHORT SELLERS, SOCIAL MEDIA, AND RETAIL INVESTORS COLLIDE, PART III:
Time is ticking away, with only 2 days remaining to support the rejection of SR-OCC-2024-001: Have you sent your comment to the SEC yet?
Are you ready to join household investors in championing integrity in our financial markets? Step up and claim your place in history amongst the greats.