Saying the market is rigged is too broad a brush, when it's the players gaming the system.
Spac's, Derivatives.. "arrangements so complex only machines can make" sure, doesn't mean you throw out the whole system. It is a conservative populist dumb dogma to no longer believe anything that comes from "government" I find by lazy fanatics. Spoken from someone with anarchist leanings lol Life is full of paradox's and cosmic jokes (fuck authority and fuck me, lolz ;)
Zor, your pretty good with the stocks and likely religion (wEaR is not here anyhow) Let me ask you to do a little thought experiment with me
Religious Zealots.. let's just call them Evangelicals for now Have a few characteristics Exaggerate their cause, have sometimes really devoted followers Which adds to a third thing characteristic They usually have ways of monetizing their schtick Very much spills into politics, they have reps Who are anti-science holding high office And, as we see when Trump placed/appointed everywhere in Gov't and Elsewhere anti-christs in environment, health, education AND
the President The SEC is an independent federal agency, established pursuant to the Securities Exchange Act of 1934, headed by a five-member Commission. The Commissioners are appointed by the President and confirmed by the Senate. The President designates one of the Commissioners as the Chair.
FINRA is, of course, an SRO. They have often been criticized by their members of being too heavy handed with their enforcement, and FINRA has been saying for a few years that they don't want to put any of their broker members out of business.