Let's Talk Markets

Last week, the American Bankers Association urged federal regulators to investigate the sudden surge of short sales on publicly traded banking equities. The Association described the short sales and the resulting stock price failures as "disconnected from the underlying financial realities.”

The big takeaway here—we simply don’t have enough visibility into short selling. We can’t know the possible extent of abusive short-selling practices, especially in light of recent banking failures.

We also discuss briefly the 24 hour trading that Robinhood has recently rolled out. (Three words- IT'S A TRAP!)

This week Dave discusses the SEC Oversight Hearing with Chair Gensler, the SIFMA Roundtable (here's the link if you'd like to watch) and the 35,000 signatures collected by WTI so far on the most recent SEC letter.

This episode was recorded a few weeks earlier than its publish date.

This week Dave discusses the recent We The Investors interview with Gary Gensler regarding DRS, PFOF, and more. The 2nd Gary Gensler interview can be found here: https://www.youtube.com/live/a2Ao3DjvjB4?feature=share

This week Dave talks about some of the industry comment letters on the recent SEC proposals regarding the Order Competition Rule and tick sizes.

This week on Let's Talk Markets, we discuss the close of the most recent SEC comment period and the stark contrast from Citadel's 2004 comment letter regarding their position against the Order Competition Rule, and their opposition to it now. We also discuss next steps and how individual investors can stay engaged in the rule-making process through We The Investors.