Biden SEC to tell you how you can invest your money.

[Nostra]

These clowns are trying to control every facet of American's everyday lives. No way I want this guy deciding how my money is invested.

Biden's SEC is coming for your investment account​

New regulations from Biden’s SEC would mess with golden age of retail investing​

Against the backdrop of historically high levels of retail investor participation in the stock market, Democratic regulators in Washington are doing what they do best when it comes to the free market and consumer choice – getting in the way. This time, they’re coming for your brokerage account.

Late last year, SEC Chair Gary Gensler rolled out a set of far-reaching, experimental reforms that, if finalized by the agency, would fundamentally change the way retail investors’ stock trades are handled. These include a set of prescriptive government mandates dictating where these trades would need to be executed and at what price.

Gensler claims that he needs to act quickly and act aggressively because there isn’t enough competition to execute your stock trades, and you may not be getting the best price theoretically possible.

Never mind that the data – backed up by individual investors’ real-life experiences in the market every day – show that retail investors have never had it better. Over the past few years, millions of Americans, many of whom are younger and more diverse than in decades past – have opened brokerage accounts using apps on their mobile phones and started investing at a very low cost using strategies they believe are best for themselves and their families.

So why the sudden rush by the SEC to upend and micromanage a market that already works extraordinarily well for retail investors? At its core, Gensler – a hundred millionaire, 65-year-old former Goldman Sachs partner – appears to be motivated by the view that Main Street America simply isn’t capable of choosing how they should invest their own money and that they need the government to protect them from themselves.

The recent explosive growth in the number of retail investors’ participating in the stock market, punctuated by extraordinary retail trading activity and market turmoil in meme stocks in January 2021, has provided a rationale – however misguided – for the SEC to act now in the name of competition and investor protection.

Under the guise of enhancing competition to execute retail investors’ trades on an "order-by-order" basis, Gensler’s rules would attack the self-directed brokerage model – and the millions of investors who use this model – by introducing significant frictions into stock trading, compressing brokers’ revenues, and making brokerage platforms less attractive to retail investors.

The rules would take the extraordinary step of centralizing the execution of retail investors’ stock trades in what many expect to be slower, more complicated, and more expensive auctions run by quasi-governmental exchanges – just like the markets used to work (or not work) in 1975. Trust the government, they are here to help. Remember how well the Obamacare website worked?

Biden's SEC is coming for your investment account

Biden's SEC is coming for your investment account with regulations that would mess with the golden age of retail investing and give a less-competitive result.

www.foxnews.com

 

[1srelluc]

Rules are not law and that's the problem with the .gov.....Too many agencies' unelected creatures creating law.

BTW.....The guy looks like a Carp.

 

[OhPleaseJustQuit]

Rules are not law and that's the problem with the .gov.....Too many agencies' unelected creatures creating law.

BTW.....The guy looks like a Carp.

.

God, he really does!

Carp = Good for nothing but you can't throw them back.

.

 

[1srelluc]

.

God, he really does!

Carp = Good for nothing but you can't throw them back.

.

A game warden checked me once while bow-fishing.....I was GTG.....Back then, oddly enough, you need a hunting license to bow-fish.....A fishing license is required now.

I had a small pile of dead carp behind me (I knock them in the head) and he said good, never return them to the water.....LOL....Not that I would anyway with a big-ass hole in them.

Coons have to eat, same as possums.

 

[Blues Man]

These clowns are trying to control every facet of American's everyday lives. No way I want this guy deciding how my money is invested.

Biden's SEC is coming for your investment account​

New regulations from Biden’s SEC would mess with golden age of retail investing​

Against the backdrop of historically high levels of retail investor participation in the stock market, Democratic regulators in Washington are doing what they do best when it comes to the free market and consumer choice – getting in the way. This time, they’re coming for your brokerage account.

Late last year, SEC Chair Gary Gensler rolled out a set of far-reaching, experimental reforms that, if finalized by the agency, would fundamentally change the way retail investors’ stock trades are handled. These include a set of prescriptive government mandates dictating where these trades would need to be executed and at what price.

Gensler claims that he needs to act quickly and act aggressively because there isn’t enough competition to execute your stock trades, and you may not be getting the best price theoretically possible.

Never mind that the data – backed up by individual investors’ real-life experiences in the market every day – show that retail investors have never had it better. Over the past few years, millions of Americans, many of whom are younger and more diverse than in decades past – have opened brokerage accounts using apps on their mobile phones and started investing at a very low cost using strategies they believe are best for themselves and their families.

So why the sudden rush by the SEC to upend and micromanage a market that already works extraordinarily well for retail investors? At its core, Gensler – a hundred millionaire, 65-year-old former Goldman Sachs partner – appears to be motivated by the view that Main Street America simply isn’t capable of choosing how they should invest their own money and that they need the government to protect them from themselves.

The recent explosive growth in the number of retail investors’ participating in the stock market, punctuated by extraordinary retail trading activity and market turmoil in meme stocks in January 2021, has provided a rationale – however misguided – for the SEC to act now in the name of competition and investor protection.

Under the guise of enhancing competition to execute retail investors’ trades on an "order-by-order" basis, Gensler’s rules would attack the self-directed brokerage model – and the millions of investors who use this model – by introducing significant frictions into stock trading, compressing brokers’ revenues, and making brokerage platforms less attractive to retail investors.

The rules would take the extraordinary step of centralizing the execution of retail investors’ stock trades in what many expect to be slower, more complicated, and more expensive auctions run by quasi-governmental exchanges – just like the markets used to work (or not work) in 1975. Trust the government, they are here to help. Remember how well the Obamacare website worked?

Biden's SEC is coming for your investment account

Biden's SEC is coming for your investment account with regulations that would mess with the golden age of retail investing and give a less-competitive result.

www.foxnews.com

We all know that the last thing any politician of any party wants is a high percentage of the population to be financially independent

 

[Winston]

These clowns are trying to control every facet of American's everyday lives. No way I want this guy deciding how my money is invested.

Biden's SEC is coming for your investment account​

New regulations from Biden’s SEC would mess with golden age of retail investing​

Against the backdrop of historically high levels of retail investor participation in the stock market, Democratic regulators in Washington are doing what they do best when it comes to the free market and consumer choice – getting in the way. This time, they’re coming for your brokerage account.

Late last year, SEC Chair Gary Gensler rolled out a set of far-reaching, experimental reforms that, if finalized by the agency, would fundamentally change the way retail investors’ stock trades are handled. These include a set of prescriptive government mandates dictating where these trades would need to be executed and at what price.

Gensler claims that he needs to act quickly and act aggressively because there isn’t enough competition to execute your stock trades, and you may not be getting the best price theoretically possible.

Never mind that the data – backed up by individual investors’ real-life experiences in the market every day – show that retail investors have never had it better. Over the past few years, millions of Americans, many of whom are younger and more diverse than in decades past – have opened brokerage accounts using apps on their mobile phones and started investing at a very low cost using strategies they believe are best for themselves and their families.

So why the sudden rush by the SEC to upend and micromanage a market that already works extraordinarily well for retail investors? At its core, Gensler – a hundred millionaire, 65-year-old former Goldman Sachs partner – appears to be motivated by the view that Main Street America simply isn’t capable of choosing how they should invest their own money and that they need the government to protect them from themselves.

The recent explosive growth in the number of retail investors’ participating in the stock market, punctuated by extraordinary retail trading activity and market turmoil in meme stocks in January 2021, has provided a rationale – however misguided – for the SEC to act now in the name of competition and investor protection.

Under the guise of enhancing competition to execute retail investors’ trades on an "order-by-order" basis, Gensler’s rules would attack the self-directed brokerage model – and the millions of investors who use this model – by introducing significant frictions into stock trading, compressing brokers’ revenues, and making brokerage platforms less attractive to retail investors.

The rules would take the extraordinary step of centralizing the execution of retail investors’ stock trades in what many expect to be slower, more complicated, and more expensive auctions run by quasi-governmental exchanges – just like the markets used to work (or not work) in 1975. Trust the government, they are here to help. Remember how well the Obamacare website worked?

Biden's SEC is coming for your investment account

Biden's SEC is coming for your investment account with regulations that would mess with the golden age of retail investing and give a less-competitive result.

www.foxnews.com

Wow, I see the fools are up early this morning. Obviously, these new rule changes proposed by the SEC are a good thing for the common investor. And yes, I said rules, because there are multiple proposals on the table. Two things that are important concerning your link. First, it is an op-ed, and second it is by Bill Huizenga.

Rep. Bill Huizenga - Campaign Finance Summary

Fundraising profile for Rep. Bill Huizenga - Michigan District 02

www.opensecrets.org

When Huizenga tells you something is bad for the common investor you know it is really bad for the Securities industry, his number one supporter. For example, take this proposed rule change,

https://www.sec.gov/rules/proposed/2022/34-96495.pdf

Here is how Huizenga represents that particular proposal.

These include a set of prescriptive government mandates dictating where these trades would need to be executed and at what price.

And he supports it with this statement,

Never mind that the data – backed up by individual investors’ real-life experiences in the market every day – show that retail investors have never had it better. Over the past few years, millions of Americans, many of whom are younger and more diverse than in decades past – have opened brokerage accounts using apps on their mobile phones and started investing at a very low cost using strategies they believe are best for themselves and their families.

First, what "data"? He gives us nothing. And those millions of Americans are one of the big reason this particular proposal should be adopted. From the proposal,

The proposed rule would prohibit a restricted competition trading center from internally executing certain orders of individual investors at a price unless the orders are first exposed to competition at that price in a qualified auction operated by an open competition trading center.

Now, let me explain how this works in the status quo. Say you bought Gamestop stock on Robinhood at 25 and you put in a sell order when the stock gets to 32. But Gamestop gets caught in a short squeeze and balloons to 50 overnight. You know what you get, 32. You know what Robinhood gets, 50. They buy it at 32 before placing it on an exchange, a practice this new rule would prohibit. Of course Huizenga is going to write an OP attempting to misconstrue the rule and stop it in his tracks.

 

[Nostra]

Wow, I see the fools are up early this morning. Obviously, these new rule changes proposed by the SEC are a good thing for the common investor. And yes, I said rules, because there are multiple proposals on the table. Two things that are important concerning your link. First, it is an op-ed, and second it is by Bill Huizenga.

Rep. Bill Huizenga - Campaign Finance Summary

Fundraising profile for Rep. Bill Huizenga - Michigan District 02

www.opensecrets.org

When Huizenga tells you something is bad for the common investor you know it is really bad for the Securities industry, his number one supporter. For example, take this proposed rule change,

https://www.sec.gov/rules/proposed/2022/34-96495.pdf

Here is how Huizenga represents that particular proposal.

These include a set of prescriptive government mandates dictating where these trades would need to be executed and at what price.

And he supports it with this statement,

Never mind that the data – backed up by individual investors’ real-life experiences in the market every day – show that retail investors have never had it better. Over the past few years, millions of Americans, many of whom are younger and more diverse than in decades past – have opened brokerage accounts using apps on their mobile phones and started investing at a very low cost using strategies they believe are best for themselves and their families.

First, what "data"? He gives us nothing. And those millions of Americans are one of the big reason this particular proposal should be adopted. From the proposal,

The proposed rule would prohibit a restricted competition trading center from internally executing certain orders of individual investors at a price unless the orders are first exposed to competition at that price in a qualified auction operated by an open competition trading center.

Now, let me explain how this works in the status quo. Say you bought Gamestop stock on Robinhood at 25 and you put in a sell order when the stock gets to 32. But Gamestop gets caught in a short squeeze and balloons to 50 overnight. You know what you get, 32. You know what Robinhood gets, 50. They buy it at 32 before placing it on an exchange, a practice this new rule would prohibit. Of course Huizenga is going to write an OP attempting to misconstrue the rule and stop it in his tracks.

Only a moron wants the govt to "dictate" how and at what price people invest their money.

 

[Winston]

Only a moron wants the govt to "dictate" how and at what price people invest their money.

And only a moron would believe that is what these new rule changes do. Good God Almighty, do you have no reading comprehension skills? Do you support brokerage firms taking money out of American's pockets by failing to sell or buy stocks on an open exchange? I mean it appears that you are so unsophisticated that that is precisely what you are supporting.

 

[DukeU]

Only a moron wants the govt to "dictate" how and at what price people invest their money.

Didn't you know?

The only honest people are in the government, the rest are corrupt.

 

[Dragonlady]

We all know that the last thing any politician of any party wants is a high percentage of the population to be financially independent

Republicans don't want working Americans to have any money at all. That's why they refuse to raise the minimum wage. Democrats keep trying to get more cash into the hands of working Americans and Republicans want no part of that. They won't work if they have too much money. How come rich people will continue to work, even though they don't have to, but poor people don't work if they have a bit of cash????

Actually they don't. Only 30% of rich people work. Whereas, 80% of the people who received government assistance work more than 40 hours a week. We need to pay workers and cut off the rich lazy loafers.

Few Americans own enough stocks to be affected by any of this:

Most Americans Donât Have A Real Stake In The Stock Market

The stock market bounce is passing most Americans by.

www.forbes.com

 

[OhPleaseJustQuit]

Republicans don't want working Americans to have any money at all. That's why they refuse to raise the minimum wage. Democrats keep trying to get more cash into the hands of working Americans and Republicans want no part of that. They won't work if they have too much money. How come rich people will continue to work, even though they don't have to, but poor people don't work if they have a bit of cash????

Actually they don't. Only 30% of rich people work. Whereas, 80% of the people who received government assistance work more than 40 hours a week. We need to pay workers and cut off the rich lazy loafers.

Few Americans own enough stocks to be affected by any of this:

Most Americans Donât Have A Real Stake In The Stock Market

The stock market bounce is passing most Americans by.

www.forbes.com

.

Great post! Thanks for contributing your thoughts on such an important issue.

How much do you get paid every time you hit the "post reply" button?

.

 

[Billiejeens]

.

Great post! Thanks for contributing your thoughts on such an important issue.

How much do you get paid every time you hit the "post reply" button?

.

While she clearly is a foreign troll
Can't imagine that anyone would pay for her nonsensical shit.

 

[Thinker101]

Republicans don't want working Americans to have any money at all. That's why they refuse to raise the minimum wage. Democrats keep trying to get more cash into the hands of working Americans and Republicans want no part of that. They won't work if they have too much money. How come rich people will continue to work, even though they don't have to, but poor people don't work if they have a bit of cash????

Actually they don't. Only 30% of rich people work. Whereas, 80% of the people who received government assistance work more than 40 hours a week. We need to pay workers and cut off the rich lazy loafers.

Few Americans own enough stocks to be affected by any of this:

Most Americans Donât Have A Real Stake In The Stock Market

The stock market bounce is passing most Americans by.

www.forbes.com

Since 55% do own stock...that would be quite a few Americans.

 

[Nostra]

And only a moron would believe that is what these new rule changes do. Good God Almighty, do you have no reading comprehension skills? Do you support brokerage firms taking money out of American's pockets by failing to sell or buy stocks on an open exchange? I mean it appears that you are so unsophisticated that that is precisely what you are supporting.

You just posted you supported the govt dictating those things, Moron.

 

[Winston]

.You just posted you supported the govt dictating those things, Moron.

I see this thread pretty much died, but guess you just can't keep from being STUPID. Again, here is the proposed rule change, source has been previously provided.

The proposed rule would prohibit a restricted competition trading center from internally executing certain orders of individual investors at a price unless the orders are first exposed to competition at that price in a qualified auction operated by an open competition trading center.
Now I know those big words are hard to understand so I laid out an example of what is happening now and how this rule could change that. Go back and read it and then tell me you are against this rule change. From the above focus on "internally executing certain orders".

Look, you started this thread and it is indicative of the problem with this country, Republican representatives, and people like you. First, make no mistake about it, Huizenga did not write that Op-ed. It was written by a lobbyist and presented to Huizenga for submission. Hell, he doesn't even have a college education. And they picked Huizenga because he is bought and paid for. as opensecrets clearly indicates.

While the article was well written is has glaring faults. It absolutely ignores the problem, when brokerage firms purchase a stock, in house, without first placing it on an open exchange, they take money out of the pocket of individual investors. It is a huge profit generator for those firms, and it is dishonest and manipulative, not to mention a complete disconnect from fiduciary responsibility. But hey, those lobbyist have to generate income in some way. And hell, they don't even have a fiduciary responsibility because of the way they have manipulated the legal environment.

But now we come to your role in this whole shitshow. You are so gullible, so uninformed and unintelligent, that you take this piece of shit propaganda op-ed and post it up to perpetuate the bullshit. In simple terms, you are the simple idiot that the lobbyists, and those brokerage firms, depend on to solidify their predatory behavior. You are the exact reason those lobbyists sent Huizenga a damn op-ed to post. And my simple ass country shit is those lobbyists worst nightmare.

Look, if you got no problem with a brokerage firm executing your buy, or sell, order in house, and then placing it on the exchange in what is called "arbitrage", then that is on you. But in the example that I previously posted, that is $1800. I want that $1800 gping in to the pocket of the individual investor. You, evidently, want that $1800 going into the account of the brokerage. Do you not see the problem here?

 

[Nostra]

I see this thread pretty much died, but guess you just can't keep from being STUPID. Again, here is the proposed rule change, source has been previously provided.

The proposed rule would prohibit a restricted competition trading center from internally executing certain orders of individual investors at a price unless the orders are first exposed to competition at that price in a qualified auction operated by an open competition trading center.
Now I know those big words are hard to understand so I laid out an example of what is happening now and how this rule could change that. Go back and read it and then tell me you are against this rule change. From the above focus on "internally executing certain orders".

Look, you started this thread and it is indicative of the problem with this country, Republican representatives, and people like you. First, make no mistake about it, Huizenga did not write that Op-ed. It was written by a lobbyist and presented to Huizenga for submission. Hell, he doesn't even have a college education. And they picked Huizenga because he is bought and paid for. as opensecrets clearly indicates.

While the article was well written is has glaring faults. It absolutely ignores the problem, when brokerage firms purchase a stock, in house, without first placing it on an open exchange, they take money out of the pocket of individual investors. It is a huge profit generator for those firms, and it is dishonest and manipulative, not to mention a complete disconnect from fiduciary responsibility. But hey, those lobbyist have to generate income in some way. And hell, they don't even have a fiduciary responsibility because of the way they have manipulated the legal environment.

But now we come to your role in this whole shitshow. You are so gullible, so uninformed and unintelligent, that you take this piece of shit propaganda op-ed and post it up to perpetuate the bullshit. In simple terms, you are the simple idiot that the lobbyists, and those brokerage firms, depend on to solidify their predatory behavior. You are the exact reason those lobbyists sent Huizenga a damn op-ed to post. And my simple ass country shit is those lobbyists worst nightmare.

Look, if you got no problem with a brokerage firm executing your buy, or sell, order in house, and then placing it on the exchange in what is called "arbitrage", then that is on you. But in the example that I previously posted, that is $1800. I want that $1800 gping in to the pocket of the individual investor. You, evidently, want that $1800 going into the account of the brokerage. Do you not see the problem here?

It boils down to this: This ex Goldman Sachs exec doesn't like the little guy being able to make investment decisions on his own, and thinks the Govt must oversee all of it.

The Govt fucks up everything it gets involved with, so why would this be any different?

 

[scruffy]

These clowns are trying to control every facet of American's everyday lives. No way I want this guy deciding how my money is invested.

Biden's SEC is coming for your investment account​

New regulations from Biden’s SEC would mess with golden age of retail investing​

Against the backdrop of historically high levels of retail investor participation in the stock market, Democratic regulators in Washington are doing what they do best when it comes to the free market and consumer choice – getting in the way. This time, they’re coming for your brokerage account.

Late last year, SEC Chair Gary Gensler rolled out a set of far-reaching, experimental reforms that, if finalized by the agency, would fundamentally change the way retail investors’ stock trades are handled. These include a set of prescriptive government mandates dictating where these trades would need to be executed and at what price.

Gensler claims that he needs to act quickly and act aggressively because there isn’t enough competition to execute your stock trades, and you may not be getting the best price theoretically possible.

Never mind that the data – backed up by individual investors’ real-life experiences in the market every day – show that retail investors have never had it better. Over the past few years, millions of Americans, many of whom are younger and more diverse than in decades past – have opened brokerage accounts using apps on their mobile phones and started investing at a very low cost using strategies they believe are best for themselves and their families.

So why the sudden rush by the SEC to upend and micromanage a market that already works extraordinarily well for retail investors? At its core, Gensler – a hundred millionaire, 65-year-old former Goldman Sachs partner – appears to be motivated by the view that Main Street America simply isn’t capable of choosing how they should invest their own money and that they need the government to protect them from themselves.

The recent explosive growth in the number of retail investors’ participating in the stock market, punctuated by extraordinary retail trading activity and market turmoil in meme stocks in January 2021, has provided a rationale – however misguided – for the SEC to act now in the name of competition and investor protection.

Under the guise of enhancing competition to execute retail investors’ trades on an "order-by-order" basis, Gensler’s rules would attack the self-directed brokerage model – and the millions of investors who use this model – by introducing significant frictions into stock trading, compressing brokers’ revenues, and making brokerage platforms less attractive to retail investors.

The rules would take the extraordinary step of centralizing the execution of retail investors’ stock trades in what many expect to be slower, more complicated, and more expensive auctions run by quasi-governmental exchanges – just like the markets used to work (or not work) in 1975. Trust the government, they are here to help. Remember how well the Obamacare website worked?

Biden's SEC is coming for your investment account

Biden's SEC is coming for your investment account with regulations that would mess with the golden age of retail investing and give a less-competitive result.

www.foxnews.com

Fucking leftard prick

 

[Winston]

It boils down to this: This ex Goldman Sachs exec doesn't like the little guy being able to make investment decisions on his own, and thinks the Govt must oversee all of it.

The Govt fucks up everything it gets involved with, so why would this be any different?

Damn, talk about helluva a stupid. So, the government fucks up everything. Then why do you think they should control immigration? You stupid shit. And damn, Robinhood executes a trade, in house, without placing it on an open exchange, and pockets five dollars, ten dollars per share, or more, in the process. How the fawking hell does that benefit the low level investor? I mean I am actually amazed at the ignorance of you stupid shits.

 

[Nostra]

Damn, talk about helluva a stupid. So, the government fucks up everything. Then why do you think they should control immigration? You stupid shit. And damn, Robinhood executes a trade, in house, without placing it on an open exchange, and pockets five dollars, ten dollars per share, or more, in the process. How the fawking hell does that benefit the low level investor? I mean I am actually amazed at the ignorance of you stupid shits.

They have tucked up immigration, you colossal dumbass.

 

[Winston]

They have tucked up immigration, you colossal dumbass.

Damn, I swear to God, there should be an IQ test required for internet access.