The SEC is Wall Street's sheriff, but instead of a six-shooter, they fire off billions of dollars in fines... that often don’t get collected. In recent years, they've failed to collect nearly half of fines levied. What good is a sheriff if they can’t handle outlaws? #TheProblem
Bernie Madoff’s Payment for Order Flow is illegal in other countries, like the U.K., Canada, and Australia. There’s a push to outlaw it in the US, too, but regulators haven’t acted on it.
#TheProblem
Citadel and Virtu DOMINATE trading thanks largely to Payment for Order Flow. Together, their trading volume in early 2021 was larger than the volume of the New York Stock Exchange. Yeah, you read that right. #TheProblem
#838giving I’m thankful for my best bud @stillperrine. We have been best friends since high-school and I’m so blessed to call him my friend. He’s an incredibly genuine, thoughtful, and kind dude who is incredibly talented. Love you my guy! ❤️