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<p>[QUOTE="GoldFinger1969, post: 8388696, member: 73489"]You have to also understand what they mean by "manipulation." They don't mean driving the price higher or lower by a material amount.</p><p><br /></p><p>They are talking about inserting or withdrawing bids/offers and the spread involved. <b>We are talking about pennies per trade or less.</b></p><p><br /></p><p><b>Look at the dispute with RobinHood and "payment for order flow." </b> Why is that the SEC's/Gensler's interest ? What business is it of theirs if people decide they want to get no-commision trades by someone who buys order flow and makes $$$ off the spread or from directing the trade elsewhere ?</p><p><br /></p><p><b>If the RobinHood traders aren't happy with the price they paid, they'll leave RobinHood. </b> If Fidelity charged me $1,000 a trade tomorrow, I'd be with TDA or Schwab or someone within a week. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 8388696, member: 73489"]You have to also understand what they mean by "manipulation." They don't mean driving the price higher or lower by a material amount. They are talking about inserting or withdrawing bids/offers and the spread involved. [B]We are talking about pennies per trade or less.[/B] [B]Look at the dispute with RobinHood and "payment for order flow." [/B] Why is that the SEC's/Gensler's interest ? What business is it of theirs if people decide they want to get no-commision trades by someone who buys order flow and makes $$$ off the spread or from directing the trade elsewhere ? [B]If the RobinHood traders aren't happy with the price they paid, they'll leave RobinHood. [/B] If Fidelity charged me $1,000 a trade tomorrow, I'd be with TDA or Schwab or someone within a week. :D[/QUOTE]
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