Increase Representation and Protection of Retail Traders in Gov't, Regulatory Committees


Increase Representation and Protection of Retail Traders in Gov't, Regulatory Committees
The Issue
During the week of January 25, 2021 trading of $GME, $AMC, $BB, $AAL and others were halted and in some instances these securities were even removed from various trading platforms. Many traders were allowed to sell these securities, but not buy, creating downward pressure on these securities. The Securities and Exchange Commission defines market manipulation as "transactions which create an artificial price or maintain an artificial price for a tradable security". Robinhood Financial, LLC specifically has been using unfair practices to artificially control the price of securities available for trading on its platform.
The kinds of practices seen during the week of Jan. 25 typically do not apply to institutional investors. Institutional investors are also well represented in Congress and have many protections laid out by the SEC, FINRA, and other regulatory organizations as well as specific advantages such as bailouts. No such representation or advantage exists for retail traders and protections are few creating an unfair marketplace.
I am calling for formal representation and increased protections for retail traders and for the removal of unfair advantages which benefit large institutions and create an unfair securities marketplace.
Join me in equalizing the playing field between Wall Street and retail traders

The Issue
During the week of January 25, 2021 trading of $GME, $AMC, $BB, $AAL and others were halted and in some instances these securities were even removed from various trading platforms. Many traders were allowed to sell these securities, but not buy, creating downward pressure on these securities. The Securities and Exchange Commission defines market manipulation as "transactions which create an artificial price or maintain an artificial price for a tradable security". Robinhood Financial, LLC specifically has been using unfair practices to artificially control the price of securities available for trading on its platform.
The kinds of practices seen during the week of Jan. 25 typically do not apply to institutional investors. Institutional investors are also well represented in Congress and have many protections laid out by the SEC, FINRA, and other regulatory organizations as well as specific advantages such as bailouts. No such representation or advantage exists for retail traders and protections are few creating an unfair marketplace.
I am calling for formal representation and increased protections for retail traders and for the removal of unfair advantages which benefit large institutions and create an unfair securities marketplace.
Join me in equalizing the playing field between Wall Street and retail traders

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Petition created on January 28, 2021
