Amazing to me that things like gamma squeezes, dark pools, and naked shorting are what are driving the “markets are unfair” conversation, and not things like… PDT rules and accredited investor regulations
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I mean, the implication is that there's an entire universe of stuff you're just simply not allowed to invest in until you're already rich. Making the delineation simply "do you have a million dollars or not" is the most abjectly classist rule I know off the top of my head
Yeah it is a dumb rule. The only good thing I have to say about it is that it’s probably better than no rule at all.
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And yet people would rather go for the esoteric, mind-bogglingly complex market microstructure arguments instead of like, "hey, there are way less fair markets than this"
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