Creating @UrvinFinance at https://xitter.cf/t.co/wRGu09xo8l. Advocate for fair markets. Passionate about science & my kids. Believer in @WeTheInvestors_. 🇺🇲 in 🇨🇦
Ottawa, Ontario
Joined June 2008
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It's just so weird how nobody from these politically connected firms ever goes to jail!
Dave Lauer retweeted
Every stock trade has a hidden cost: the gap between the buy price and the sell price. Until this year brokers did’t have to publish comparable numbers. Now the filings show who has been taking more and how much it cost you. Learn more. Calculate the cost.
wetheinvestors.org/show-your…
At first glance, this kinda seems crazy to me. I need to better understand it, but it really seems like the SEC is trying to push trading outside of regulated entities entirely. From a market manipulation perspective this seems like an enforcement nightmare.
It's amazing this guy doesn't understand issuers don't want synthetic tokens. He cannot grasp that markets are supposed to serve a purpose for capital formation and price discovery. He sees them as casinos - the more you trade, the more money he gets paid by his actual customers.
Dave Lauer retweeted
Definition of a customer: One who pays for goods or services.
Citadel and Virtu pay Robinhood.
Vlad's statement is completely accurate.
Dave Lauer retweeted
Here’s the problem, the foundations of that trust are under attack by some of the proposals being put forward by the @SECGov … Order Protection under Rule 611 is on the chopping block, meaning retail investors lose and wholesalers win.
Raise your voice: wetheinvestors.org
“Alexander Hamilton created a financial system that was built on trust.”
🚨 NEW EPISODE: Material Matters with @SECPaulSAtkins
Chairman Atkins and SEC Chief Accountant Kurt Hohl discuss the importance of materiality, AI, audit oversight, and more.
Listen now ⬇️
sec.gov/newsroom/podcasts/ma…
There's less than a week to get your comment letter in on the SEC's proposal to eliminate rule 611. There's no need to be cynical about whether it will help or not - even if it doesn't change the SEC's mind, it establishes an important record.
wetheinvestors.org/protect-m…
The SEC has proposed to rescind Rule 611 - the Order Protection Rule. This will remove the last guardrail that individual investors have to protect the price they get when they trade. If this succeeds, you'll have to trust internalizers to give you the best price, and FINRA to enforce best execution - something they've proven incapable of doing. If you're interested, I wrote a post: reddit.com/r/UrvinFinance/co…
The SEC has proposed to rescind Rule 611 - the Order Protection Rule. This will remove the last guardrail that individual investors have to protect the price they get when they trade. If this succeeds, you'll have to trust internalizers to give you the best price, and FINRA to enforce best execution - something they've proven incapable of doing. If you're interested, I wrote a post: reddit.com/r/UrvinFinance/co…
Dave Lauer retweeted
Last month the SEC proposed to remove Rule 611 - the order protection rule. Instead of replacing it w/something better - a rigorous best ex standard - they simply want to get rid of it. This is a terrible idea & will increase market manipulation.
wetheinvestors.org/protect-m…
Last month the SEC proposed to remove Rule 611 - the order protection rule. Instead of replacing it w/something better - a rigorous best ex standard - they simply want to get rid of it. This is a terrible idea & will increase market manipulation.
wetheinvestors.org/protect-m…
We're running a comment letter campaign on this critical mkt structure issue. You might be cynical & think your voice doesn't matter. That's certainly what they want you to think. But it does. Regardless of whether the SEC listens, or we take other action, we need your support.
So check out our site for more info, learn about how important this is, file a comment letter and spread the word.
wetheinvestors.org/protect-m…
Love this note from Linus on AI coding. As a software developer, I can't remember a more useful and impressive tool.
I see a lot of people who have given up fighting for market fairness. I understand the frustration and disillusionment. I've been doing this for a long time, and generally things go in the wrong direction because the regulators are captured and the corporatists run the government.
This is a big deal. @WeTheInvestors_ ran a campaign on this to show that Citadel did not speak for retail investors, and the court agreed. So don't listen to the people who don't want you to fight, or who think commenting is a waste of time. They're probably funded by Citadel.
Here's the full decision if you want to take a look. What we do is important, and we're still in this fight, as we have been for more than a decade now.
media.ca11.uscourts.gov/opin…