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

[Nostra]

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

So they have not fucked up immigration?

You really want to try to make that point?

 

[eagle7-31]

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

Guess they want the gullible public to invest in one Hunter's schemes