Please help the SEC regulate dark pool trading
Or if you're over say, 35, do not "invest" in any stocks or mutual funds that own stocks. Instead, save your money for Las Vegas, Atlantic City or the nearest Indian Reservation.
From Financial Times:
[free subscription probably required to read entire article]
“The number of active dark pools...has tripled since 2002,” said an early SEC release on the proposed rules.A previous article at Financial Times urging the regulation of dark pool trading had a comment:
“Given this growth of dark pools, a lack of transparency could create a two-tiered market that deprives the public of information about stock prices and liquidity.”
He said the SEC was “exploring ways” to gather information about the transactions of high-frequency traders. “The commission recognises concerns have been raised that high-frequency traders have the ability to access markets more quickly,” he said. “This ability may allow them to submit or cancel their orders faster than long-term investors, which may result in less favourable trading conditions for these investors.”Exploring ways! This is another area of our financial system that needs simple, clear, enforceable regulation.
Contact the SEC to move from exploring ways to taking action.