sec is completely and utterly worthless. it should be completely disbanded and the money returned to the budget.
The bottomline any changes to the rules of the US public markets will have a impact on the bottomline of market 'participants' trading tax margin changes volker rule enforcement etc. pattern daytrading rules outlawing dark pools and multiple trading venues. etc. it means shutting down many businesses and money is on the line.
I second that. Ever since I have been trading (since the 1990s), the SEC has done nothing to protect the individual investor. In fact, it has consistently made it harder to trade with its decisions. Maybe at one point it was a worthy organization but now it generally does the opposite of what it should be doing.
"She suggested one proposal could establish limit-up/limit-down trading parameters in which "trades would have to be executed within a range tied to recent prices for the security." This sounds pretty scary to me. Hopefully they don't go too far with the proposals and kill off the market completely. -Guru
Ah, you see, you are very, very wrong. "Worthless" connotates void of any worth. However, the SEC proves year in, year out, that it is extremely valuable to vested interests. Just happens, they aren't ours. The fact that the country is on the balls of it's ass is totally mute - to them.
The exchanges are suppose to facilitate a fair,orderly ,efficient , and transparent marketplace for all market participants. The current state of the exchanges are unfair, unorderly,inefficient, and low transparency marketplace . Any exchange rule changes will be met with resistance from some market participants who currently have an advantage in the marketplace and benefit from the status quo.