Need More Regulation on Wall Street!
Once again, Wall Street received bail out from Main Street. By forcing retail traders sell their position unwillingly, brokers selfishly protected themselves. They should feel ashamed. However, this can be a good time to revisit many weak points in our regulatory system. Right now it is in favor of Wall Street at cost of hurting Main Street. With the strength of Wall Street, regulators need to do more to help Main Street.
We need to redefine best execution. When one third of volume goes to wholesaler, it impedes price discovery. The benchmark for price improvement thus hurt. Considering the information advantage of market maker, regulator need to redefine what’s best execution. Market maker should give retail investor more price improvement than NBBO! Citadel Securities is a monopoly now. An antitrust investigation on Citadel Securities is imminent and necessary. Can you imagine such a systematic important financial company is privately owned.
Curb bonus of big banks. They are receiving free insurance (aka bailout) from Main Street. They can’t use their insurance saving on trader bonus. It will only encourage them take more unnecessary risk.
Quarterly 13F is not enough! With the technology advancement, hedge funds do have the ability to release monthly 13F now!
Increase the reward for whistle blower.Misconducts in big banks and hedge funds are hard to discover. You have to make sure insiders feel rewarded to report misconducts.
Wall Street need to report more data to keep market transparent! Especially transactions in dark pool and OTC! Wall Street always refuse to share more information because they make money from information asymmetry! Lower the cost of data! Right now financial related data is absurdly expensive! It creates barrier for Main Street to do their due dillegence!
IPO allocation should lean toward retail investors instead of instructional investors!
It’s unacceptable that media used all words they knew to insult and humiliate retail investors. America is about equality. Wall Street need to learn share the wealth with Main Street. There are less than 1% of population working in investment and trading related jobs yet they manipulated laws in favor of them. Restricting Wall Street will make our country greater to give more underprivileged people confidence and hope. Tax the wealth! Top 3% can’t move anywhere. Most of democratic countries impose high tax on rich. Where else wealth can move? Communist Russia or China? Adding tax on rich is the best way to calm down the angry Main Street. Stock market is a big casino operated by Wall Street. Of course it make sense to tax casino operator more heavily due to their info advantage. It is never about how you feel. It’s how about how majority feel in a democratic country!
username checks out
Take a deep breath man. Don't get too worked up
Is English your first language?
Is this the same dude who poses as 'VP - FI' on all the S&T forums saying that S&T is doomed?
Is the OP Elizabeth Warren's Asian cousin?
WTF does a shitty take have to do with being Asian
It was a joke. It seems like English is not the OP's first language. I could have used any foreign group of people. Do you think what I said is racist or not funny?
Your response to the post, which I will freely acknowledge is a load of hot garbage, is to immediately make a joke about OP's race because English doesn't appear to be their first language. As someone who is mixed race, including Asian decent, I'd say that does sound racist quite frankly. To top it off the joke itself wasn't a particularly good one to begin with, and dumping on Elizabeth Warren is usually be a freebie so messing that up is an accomplishment in and of itself.
#antiracism #thetolerantleft #againstbigotry am I doing it right?
Lol
#ifyoureliberalyoucantberacist
Bigots against BiGoTrY
LOL. The OP is probably using a dup account and intentionally writing in poor English to troll WSO. And you are using this phony topic to prove a point. Nice try bud.
Shut up, loser
.
Out of curiosity, why should IPO allocations lean towards retail investors?
There comes the wallstreetbets crowd that failed to realize that pumping and dumping a shitty stock was eventually going to blow up on them
Would advise OP learn from RE guys on WSO. Always show up when you need them and rarely touch on topics they have no knowledge/ interest about.
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