The problem: Brokers trade at the speed of light, but settle trades over 2+ days. This can happen again. Co-ordinated traders can hunt better capitalized platforms and make $gme style buys. Solution? Blockchain. @InjectiveLabs @mirror_protocol others
While blockchain is the best long term solution, in the interim the solution 1 is to require stocks to be held for at least 1 minute.We need to decide what the purpose of the markets are: is it to raise capital and allow ownership or for machines to extract $$$ from investors
We also need to have stress tests and liquidity transparency for all brokers. The customers of RH etc should have known their broker's liquidity limits were being reached and the consequences of that issue (ending buys).
Finally, let me jump on my soap box: Most likely the SEC will go after some small investors and blame them. What's worse then attacking the small trader? The inability of that small trader to get a jury trial. The SEC's use of ALJs instead juries is 100pct wrong and needs to end
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