"Next up, the critics will train all their efforts at high-frequency, rebate-capture trading strategies." http://www.businessinsider.com/sec-one-step-from-banning-flash-trading-2009-9
good. none too soon. rebates have zero to do with trading or trader skills. temporary edge that will end someday as those always do. soes bandit analogy
Rebate traders thicken up the depth of markets. I'm not one but enjoy the liquidity they provide and many traders will miss it should they go away.
They should force all Trades to be T+10 When you buy a stock you cannot sell it back for 10 days etc.. And uptick/downtick rule. You can only go long during a down tick and go short during an up tick. And all stocks have to provide a minimum 15% dividend payout. And ban stock options, only compensation allowed is cash to employees. And ban stock issuance without a vote by shareholders to permit new dilutive issuance. I think thats all.