Couldn't disagree more. WE (retail traders) have a tendency to BELIEVE what we are fed from the governing bodies. In the case of actual bid/ask, SEC supposedly dictates the governing rules of MM trade responsibilities. Only problem is that SEC chooses to NOT look under the rug.
In Pinkyland, traders MAY BELIEVE SEC watches the trade actions very closely. BS! Understaffed and overcontrolled by politics, SEC only winks at those in the know.
MMs (THEY) do IN FACT, but UNINFORCED controls the trade action. Abuse is evident to me at least. With very BIG rings in the noses of every retail trader, WE choose to believe we dictate the price available for each bid and ask. Yeah, OK.
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