Dave Lauer (@dlauer) header
Dave Lauer (@dlauer) profile picture

Creating @UrvinFinance at https://xitter.twitterapi.xyz/t.co/wRGu09xo8l. Advocate for fair markets. Passionate about science & my kids. Believer in @WeTheInvestors_. 🇺🇲 in 🇨🇦

Ottawa, Ontario
Joined June 2008
Photo by Dave Lauer (@dlauer)Photo by Dave Lauer (@dlauer)Photo by Dave Lauer (@dlauer)Photo by Dave Lauer (@dlauer)Photo by Dave Lauer (@dlauer)Photo by Dave Lauer (@dlauer)Photo by Dave Lauer (@dlauer)Photo by Dave Lauer (@dlauer)Photo by Dave Lauer (@dlauer)Photo by Dave Lauer (@dlauer)
Apparently the SEC has given up enforcing the rules, not that it did a great job to begin with.
The @SECGov has released its annual enforcement stats for 2026. The regulator obtained orders for penalties totaling $1.1 billion, the lowest tally since 2008. sec.gov/newsroom/press-relea…
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End the gerontocracy
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It's a shame that "love thy neighbor" doesn't get the clicks and engagement that hatred and dehumanization does. We can't fix any problems by hating people.
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When you hate your MAGA or DSA neighbor, the oligarchs win. Disagreement is good! It's healthy! Let's disagree, and debate, and not believe the caricatures that the oligarch algos make viral.
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It's just so weird how nobody from these politically connected firms ever goes to jail!
Amazingly, no individuals committed these crimes. It was the Fae. violationtracker.goodjobsfir…
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At first glance, this kinda seems crazy to me. I need to better understand it, but it really seems like the SEC is trying to push trading outside of regulated entities entirely. From a market manipulation perspective this seems like an enforcement nightmare.
🚨 TODAY: The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues from the definition of “exchange” in the Exchange Act to trade tokenized NMS stock using innovative permissioned automated market makers and liquidity pools.
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It's amazing this guy doesn't understand issuers don't want synthetic tokens. He cannot grasp that markets are supposed to serve a purpose for capital formation and price discovery. He sees them as casinos - the more you trade, the more money he gets paid by his actual customers.
Replying to @CEOAdam
What’s the concern?
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There's less than a week to get your comment letter in on the SEC's proposal to eliminate rule 611. There's no need to be cynical about whether it will help or not - even if it doesn't change the SEC's mind, it establishes an important record. wetheinvestors.org/protect-m…
The SEC has proposed to rescind Rule 611 - the Order Protection Rule. This will remove the last guardrail that individual investors have to protect the price they get when they trade. If this succeeds, you'll have to trust internalizers to give you the best price, and FINRA to enforce best execution - something they've proven incapable of doing. If you're interested, I wrote a post: reddit.com/r/UrvinFinance/co…
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The SEC has proposed to rescind Rule 611 - the Order Protection Rule. This will remove the last guardrail that individual investors have to protect the price they get when they trade. If this succeeds, you'll have to trust internalizers to give you the best price, and FINRA to enforce best execution - something they've proven incapable of doing. If you're interested, I wrote a post: reddit.com/r/UrvinFinance/co…
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Last month the SEC proposed to remove Rule 611 - the order protection rule. Instead of replacing it w/something better - a rigorous best ex standard - they simply want to get rid of it. This is a terrible idea & will increase market manipulation. wetheinvestors.org/protect-m…
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The order protection rule protects individual investors from trade throughs - bad executions outside the NBBO. The SEC has admitted that this will cost investors money, and will save little. Yet they want to push ahead. The primary reason is for crypto and tokenized securities.
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Love this note from Linus on AI coding. As a software developer, I can't remember a more useful and impressive tool.
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I see a lot of people who have given up fighting for market fairness. I understand the frustration and disillusionment. I've been doing this for a long time, and generally things go in the wrong direction because the regulators are captured and the corporatists run the government.
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Rarely does change come from regulatory rules. However, that doesn't mean we shouldn't care and it doesn't mean we should be overwhelming the comment files. More often, change can come through the courts. We've seen this with civil litigation cases on market manipulation.
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The SEC has proposed eliminating the Order Protection Rule, but has said it will be fine because FINRA is there to enforce Best Ex. Do you think FINRA is enforcing best ex?! When was the last best ex case they brought? When the rules are unenforceable, we need to fix them.
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Who is the SEC here to serve? What happened to investor protection? How has it strayed so far from that mission? How can it continue to turn a blind eye to manipulation & abuse in our markets, while proposing rule changes that will reduce transparency & increase manipulation?
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Looks like the SEC is out to end the last vestige of protection for retail (and institutional investors) by proposing to rescind Rule 611 (Order Protection Rule). And to trust FINRA to police Best Ex. This will expose markets to more abuse and manipulation than ever.
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It's going to take a massive effort to fight this. @WeTheInvestors_ is ready to go. We have continued to fight manipulation and abuse over the past year, and are ready to do so again.
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Join us for Let's Talk Markets Live today to talk about the new Urvin app! xitter.twitterapi.xyz/i/broadcasts/1qKVmQQwL…
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Check out our SEC Rules and Regulations chatbot: chat.urvin.finance/sec-rules
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