[ADXA] WSJ Article About Wall Street And HF Proposal

[BILL KENNAMER]

 The primary function of what they're wanting is to fleece the American public by frontrunning trades. The high frequency traders have been doing this for years by buying in front of know orders and reselling for as little as a fraction of a cent and making something on every order. It's been a well known fact that the distance from the exchange over the landline has a latentcy that puts one group of traders behind another in doing this illegal, but largely untraceable, practice. Do it enough times a day, it's big money, especially by using automated programs. Pretty much a no lose deal for the dealers, with the retail customers paying for it in (admitedly small) higher prices.
I'd attack it on that basis. It's not good for the average American investor.
Saying this from my experience as a general securities principal.
FUV

    On Tuesday, August 8, 2023 at 10:45:02 AM CDT, Jon W. Reynolds via ADXA <adxa at mailman.qth.net> wrote:  
 
 Dave Casler had a YouTube video out with his opinion on the matter, if you're interested, buckle up, it's nearly 27 minutes. 

https://youtu.be/AEA7WkiKlck

Jon
KI5UCZ 


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-------- Original Message --------
On Aug 8, 2023, 10:33 AM, < w5zn at w5zn.org> wrote:

The only thing that keeps the FCC from eliminating amateur radio is the Amateur Radio Service is an internationally licensed radio service with spectrum allocations defined by the International Telecommunications Union.As Forrest Gump would say, "That's all I have to say about that!"ZN-----Original Message-----From: adxa-bounces at mailman.qth.net On Behalf Of Steven RutledgeSent: Tuesday, August 8, 2023 10:23 AMTo: adxa Subject: [ADXA] WSJ Article About Wall Street And HF ProposalOn page 2b of 8/7 printed edition. Basically everything we know. The only thing the FCC would say is "we look after the interests of amateur radio." Kind of a weak response. Wall Street has more money than we do. Cross you fingers.Steve, N4JQQ______________________________________________________________ADXA mailing listHome: http://mailman.qth.net/mailman/listinfo/adxaHelp: http://mailman.qth.net/mmfaq.htmPost: mailto:ADXA at mailman.qth.netThis list hosted by: http://www.qsl.netPlease help support this email list: http://www.qsl.net/donate.html______________________________________________________________ADXA mailing listHome: http://mailman.qth.net/mailman/listinfo/adxaHelp: http://mailman.qth.net/mmfaq.htmPost: mailto:ADXA at mailman.qth.netThis list hosted by: http://www.qsl.netPlease help support this email list: http://www.qsl.net/donate.html
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