BREAKING: 95% of Retail Orders Don’t Go Through Lit Exchange

Gary Gensler says 90%-95% of retail orders don't go through lit exchange
Gary Gensler says 90%-95% of retail orders don’t go through lit exchange

Gary Gensler just announced exclusively on Bloomberg that 90-95% of retail orders don’t go through the lit exchange.

The SEC Commissioner says these orders are rerouted to dark pools rather than the NYSE.

It’s a year after the ‘meme stock’ frenzy that the community receives this official news.

The ‘ape’ community has been labeled as conspiracy theorists but have proven to be correct time and time again.

Will synthetics finally be uncovered?

And how soon will AMC and GameStop squeeze?

franknez.com

Welcome to Franknez.com – Gary Gensler just confirmed the market manipulation that the ‘ape’ community has been exposing all year. Ladies and gentlemen, this means AMC’s share price is synthetic…

Let’s get started!

Gary Gensler on Bloomberg

Gary Gensler confirms 90%-95% or retail orders are processed in dark pools

SEC Chairman and Commissioner Gary Gensler says payment for order flow is partly the reason why orders aren’t processed on the lit exchange.

He says retail orders go to wholesalers on an order-by-order competition.

Citadel’s Ken Griffin has praised PFOF stating it’s good for retail investors.

However, PFOF allows market makers to process retails orders in the ‘dark markets’, or dark pools.

This means retail buying volume is out of sync with AMC’s actual share price.

AMC’s share price is synthetic, it only reflects a small portion of buying volume.

Market Makers have been stealing from retail investors

Market makers have been stealing from retail investors with absolutely no consequence from regulators.

Now that the cat is out of the hat, what is going to be done about it?

How does one account for all the orders that have been derailed from the lit exchange market and fix the share price to reflect the correct amount?

Banning PFOF is one thing but what about the money that has been masked by dark pools?

Will these financial institutions be held accountable for financial treason?

The integrity of the stock market has been tainted for far too long, now it’s time to take action.

Will PFOF get banned in the U.S?

According to Gary Gensler, PFOF is banned in the UK, Canada, Australia, and in Europe.

However, because the U.S has a very strong capitalist economy, it could prove to be difficult.

Gensler says, “I think it’s natural that we look to say, how do we drive great competition and efficiency in this market, and use the tools that congress has given us.”

Here the SEC Chairman is saying their solution is to find someone who can compete with these market makers rather than banning PFOF in general.

We’ve seen these efforts through the IEX exchange D-Limit order.

IEX is a lit exchange that reflects much more accurate share prices and eliminates the predatorial strategies used by market makers and hedge funds.

These strategies include PFOF and high frequency trading.

Retail wants orders processed through the lit exchange

The SEC is supposed to be protecting retail investors from nefarious market practices.

Therefore, it is the SEC’s duty to find a solution and locate the money that retail is missing.

Retail wants orders processed through the lit exchange.

Market makers do not have the consent to move retail money through dark pools or other foreign markets.

#MarketMakersDontHaveConsent

Gary Gensler on “meme stocks”

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Gary Gensler is going to have a response for the retail community next week and touch topic more specifically on “meme stocks”.

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11 Comments

  1. Marcin

    anonymus should disable darkpool

    • Frank Nez

      Wouldn’t that be something!

  2. EMW

    Sadly I’m afraid you’re absolutely right. Plus, If Shitadel is, was or will be losing billions like everyone seems to believe they’d be out of business or at least would have had to give up by now. They have these things called ‘customers’ who would not allow their Fund managers to handle their investments like buffoons. Citadel doesn’t just hold AMC. I don’t care how corrupt the system is or the level of criminality. They’d have to be bringing in many billions more in revenue just to break even. So whoever is telling this story is feeding us horse manure and we must love manure because we’re certainly eating this shit up.

  3. Tom Peper

    If they don’t ban payment for order flow i wil never ever play anything again in the US stock market. Its forbidden in Europe and the markets are so much more transparent over here
    let’s go AMC and GME, release me from this manipulated market!

    Thnx for the great Article Frank, we spoke about this a little while ago! You’re my number one AMC men!! Keep doing this!
    Holland is holding strong!

    • Frank Nez

      Thanks for your comment Tom! It’s incredible to think PFOF is banned everywhere but in the states. This has to change.

  4. Chris

    He is just kicking the can down the road…blah..blah..blah…there is a existing regulation that allows banning of dark pools already on the books…and could implemented tomorrow….just a talking hrad..

    • Frank Nez

      Regulators have to act now

  5. Terrance L Ross

    It’s insane they have stolen options, calls and puts by sending volume off exchange. How could you ever hit a strike price. This is total BS

    • Frank Nez

      The community must raise awareness and get this information over to MSM who isn’t covering it!

  6. Tina Brien-Matthews

    All the hedge funds that have been manipulating and stealing for retail buyers need to go to prison not get fine which does not affect them in any way. Margin calls need to be done immediately to address all the manipulation because there is no doubt they do not have enough money in to cover all the manipulation they have done over the last year.

    • Frank Nez

      Regulators need to take action now

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