RULE EXISTS FOR DARK POOL BAN! FDIC SAYS BAN PFOF! π₯ β AMC Stock Short Squeeze Update
1,055The FDIC say that the SEC NEEDS to ban PFOF NOW, there is also a ruling already in place which allows the SEC to halt dark pools for up to 12 months!
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Links;
https://www.ft.com/content/696a15e0-64f1-4800-af79-4d0a882df5b2
https://www.reddit.com/r/amcstock/comments/plf7es/sec_rule_final_rule_regulation_of_dark_pools_alt/
https://www.sec.gov/rules/final/2018/34-83663.pdf
The FT just released an article, written by the former chair of the FDIC on PFOF and why it should be outlawed.
However, PFOF isn't the real underlying issue, just a problem caused. The real issue is that PFOF enables significant amounts of dark pool manipulation.
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