Comment for General CFTC Request for Comment on the Impact of Affiliations of Certain CFTC-Regulated Entities
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From:
Jake Robinson
Organization(s):
Retail investor
Comment No:
72977
Date:
8/27/2023
Comment Text:
Vertical integration of market participants to the exclusion of retail investors only serves to obfuscate information, to the detriment of the public. Claims of proprietary information have been used to fleece the public. Public markets demand equal information to all participants, including retail.
Vertical integration of brokerages, market makers, clearinghouses risks the use of information asymmetry in taking advantage of retail investors.
