That's what I am saying. Discount Brokers (Schwab, Etrade, ETC) are not regulators. They are not even Broker Dealers (Market Makers). They are just supposed to route our orders and settle our trades (keep the share counts straight).
They wandered into being regulators when they stopped allowing us to purchase CE Stocks. We should have already been "up in arms" about that. Shame on us.
Now they are saying we cannot buy a stock that doesn't have L2.
TOTAL BULLSHIT
That is not what the SEC said to them or anyone else.
They are making shit up as they go along.
We need a new discount broker and a BIG FAT CLASS ACTION LAWSUIT as they are working in collusion to destroy the equity of many of these companies.
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