SEC Chairman Says Banning Payment for Order Flow Is ‘On the Table’

[timtrader]

Personally, for the most part, I find the SEC a pain in the butt for retail traders. Something happens, complaints are made to Congress, Congress bitches to the SEC to fix it (Elizabeth Warren recently), then they make it worse for the vast majority....the Pattern Day Trading rule comes to mind. The SEC being a government agency reminds me of a rather famous quote:

"The nine most terrifying words in the English language are: I'm from the Government, and I'm here to help. " - Ronald Reagan

 

[murray t turtle]

Bravo

%%
Bravo. I was reading in a magazine, the SEC suggested a max % of 5%, in any one position.
That could work well, but as for mutual funds/they tend to stay full invested except for 1or 2% cash.................................................................................And most would average more than 20 positions

 

[Nobert]

...And most would average more than 20 positions

Yup. Say Bridge Waters.
Had ~4000 (or was it 600) positions in equities alone.

 

[murray t turtle]

Yup. Say Bridge Waters.
Had ~4000 (or was it 600) positions in equities alone.

%%
I like Bridgewater + Black Rock, but NEVER want do all that Chicom business /LOL,

 

[Nobert]

%%
I like Bridgewater + Black Rock, but NEVER want do all that Chicom business /LOL,

What do you mean by Chicom buziness ?