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WeTheInvestors

@WeTheInvestors_

3,118
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Market reform advocacy led by you, for you. We want Transparency, Simplicity & Fairness, Choice & Control, Best Execution, and Better Settlement & Clearing.

Joined December 2022
Don't wanna be here? Send us removal request.
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@WeTheInvestors_
WeTheInvestors
7 months
When you’re told it’s all for show …🤔 Then your letter is cited NINE times in the @SECGov Final Rule. 🤓 Even after special interests spend millions to quiet you. 💰 Then you know it’s no show, and you’re making a difference. 🫵 #WeTheInvestors is here. Doing the work. 💪
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@WeTheInvestors_
WeTheInvestors
1 year
So @citsecurities thinks there’s no “real problem that is worthy of regulation”? huh? Maybe they should have a word with @Citadel . Seems like a capricious flip from their position on internalization? Surprised you all didn’t coordinate ahead of time. Would’ve made sense, no? 🤦
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@WeTheInvestors_
WeTheInvestors
1 year
Just one of millions of individual investors pushing for change. @dlauer “a thorn in the side of Wall Street”. @WeTheInvestors_ - YOU! - are changing the game. YOU are that thorn. YOU are changing the narrative. It’s time to take back our markets. ✊
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@WeTheInvestors_
WeTheInvestors
7 months
Show your shorts! 🩳 YOU did this. WE did this. Our community of thousands, of millions, is catalyzing REAL change. They thought we’d go away. They thought we’d get tired. THIS is just the beginning. ✊ #wetheinvestors
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@WeTheInvestors_
WeTheInvestors
1 year
😱 It’s almost like something happened between 2004 and 2023 that made the @SECGov realize @Citadel (circa 2004) was right!! Internalization is a disaster for markets! Time to fix it! Just don’t ask @citsecurities . Seems they’re not onboard with @Citadel . Makes sense. Right? 🤡
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@WeTheInvestors_
WeTheInvestors
1 year
A little birdy tells us that a certain market maker is up on the Hill “freaking out” in every congressional office they can get into. It’s 💵💵💵 v.🧍🏿‍♀️🧍🏾🧍🏼‍♂️all the way to the top & from the tone of the conversations: #WeTheInvestors are winning! Pressure is on! @SECGov @GaryGensler
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@WeTheInvestors_
WeTheInvestors
1 year
👉“We believe that the potential long-term impact of internalization is so corrosive to our national market system that the @SECGov should take every step possible to curtail the business practice.” @Citadel Hey @Dougielarge / your taskmaster can’t keep their story straight. 🤡
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@WeTheInvestors_
WeTheInvestors
1 year
Oh look! Someone’s struggling to get their thoughts together! If you want to know what @citsecurities and @Dougielarge “might” argue in a lawsuit against the @SECGov ’s proposed rules / this is a MUST read. Not at all predictable. Get ready. 👉
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@WeTheInvestors_
WeTheInvestors
1 year
The battle is just beginning! @WeTheInvestors_ positions on the @SECGov ’s proposed rules were heard loud and clear. Now, it’s time to amplify other needed reforms in stock lending, FTDs, Reg Sho, & investor communications. 🚨 Sign to support change!! 👉
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@WeTheInvestors_
WeTheInvestors
6 months
One question: Why? “The professors found Fidelity kept routing roughly the same share of their orders to @citsecurities , even though @VirtuFinancial was giving better quality execution.” 💸 @SECGov @GaryGensler Is it Best Execution? Or “good enough” execution? 🤔
@aosipovich
Alexander Osipovich
6 months
The professors who spend their own money executing trades and measuring execution quality are back! Brokers might want to take a break from patting themselves on the back for creating the best retail-investing experience in history and read this.
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@WeTheInvestors_
WeTheInvestors
1 year
¯\_(ツ)_/¯ @Citadel meet @citsecurities . @citsecurities meet @Citadel . You’ve much to discuss. Awkward. 🩴🩴 #arbitrary #caprecious #FlipFlop
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@WeTheInvestors_
WeTheInvestors
1 year
What changed?
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@citsecurities
Citadel Securities
1 year
Citadel Securities has submitted detailed comment letters in response to the SEC’s equity market structure proposals. Read our analysis of their potential negative impact on retail investors.
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@WeTheInvestors_
WeTheInvestors
1 year
We just topped 40,000 signatures on #WeTheInvestors second sign-on letter to @GaryGensler and the @SECGov . Tremendous work everyone! Still a few hours to sign. Join tens of thousands of other individual investors in our demand for market reform! 👉👈
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@WeTheInvestors_
WeTheInvestors
7 months
We The Investors was cited NINE TIMES by @SECGov in its final rule on short sale transparency. NINE TIMES. Don’t let anyone tell you YOU don’t matter. #socalledsoicalled
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@WeTheInvestors_
WeTheInvestors
1 year
Yesterday’s hearing pointed out the plain truth: If we want change, WE are the ones that must make it happen. Incumbent interests, politicians, money and more money all stand in our way. So the questions is, will we let them? 5000+ submitted @SECGov comment letters say: NO. ✊
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@FinancialCmte
Financial Services GOP
1 year
During his tenure as @SECGov Chair, Gary Gensler has imposed an overly burdensome regulatory agenda that stifles innovation and threatens the competitiveness of American markets. Today, Committee Republicans are holding Gensler accountable for his reckless agenda.
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@WeTheInvestors_
WeTheInvestors
1 year
What changed?
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@BobPisani
Bob Pisani
1 year
$VIRT CEO Doug Cifu on @SECGov Gary Gensler proposal to regulate payment for order flow: “We don’t need the government to tell Charles Schwab where to send its order flow.” He’s speaking at the Piper Sandler Global Exchange Conference. @Piper_Sandler @CNBC
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@WeTheInvestors_
WeTheInvestors
1 year
Why so mad @Dougielarge ? That seems inappropriate. 🙃 @SECGov
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@WeTheInvestors_
WeTheInvestors
1 year
This sounds suspiciously like the type of “conspiracy theory” that “retail” is being accused of: “…the timing is interesting given that @Dougielarge has publicly made himself the anti-Gary, repeatedly bashing SEC leadership over its proposed market structure overhaul.” 🧐
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@WeTheInvestors_
WeTheInvestors
1 year
So @SECGov … who do YOU believe more? @Citadel (2004) or @citsecurities (2023)? 🤔
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@WeTheInvestors_
WeTheInvestors
1 year
Square this circle for us @citsecurities , Is the argument for internalization “eviscerated” by the dramatic fall in order processing costs? Or not? 🤔 Because @Citadel makes a good point and we hate to see you two argue. 🩴🩴
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@WeTheInvestors_
WeTheInvestors
11 months
🚨This is a transparent special interest attempt to “pack the court” at the SEC. 👉Every House member that signs this snipe is one member standing against all the progress #WeTheInvestors have made towards change. 🫵 Contact your congress member. Support reform. ✊Be Heard!
@WarrenDavidson
Warren Davidson 🇺🇸
11 months
The market must be protected from the current tyrannical @SECGov Chair. Last night I joined @CNBC to talk about the #SECStabilizationAct and my plan to #FireGaryGensler . Watch ⬇️
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@WeTheInvestors_
WeTheInvestors
1 year
JUST OUT 🔥🔥 Our second comment letter focuses on the proposed Order Competition Rule. SUBMIT YOUR OCR COMMENT LETTER. 🔥🔥
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@WeTheInvestors_
WeTheInvestors
1 year
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@WeTheInvestors_
WeTheInvestors
5 months
🙌 You ALL delivered again & on short notice!! Rebate tiers corrode markets & you, WE, let the @SECGov know! Over 200 comment letters submitted on S7-18-23 to oppose Volume Based Rebate Pricing. Inducements skew markets. Time to get aligned. @FinancialCmte
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@WeTheInvestors_
WeTheInvestors
11 months
“Pay no attention to that man behind the curtain.” It’s money vs people, all the way to the top. 🚨 Let your representatives know you stand with #WeTheInvestors and our push to REform U.S. financial markets! ✊
@Forbes
Forbes
11 months
Florida’s richest person is Ken Griffin with $57 billion in assets. He's also one of the biggest backers of Florida governor Ron DeSantis.
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@WeTheInvestors_
WeTheInvestors
1 year
This sounds suspiciously like the type of “conspiracy theory” that “retail” is being accused of: “…the timing is interesting given that @Dougielarge has publicly made himself the anti-Gary, repeatedly bashing SEC leadership over its proposed market structure overhaul.” 🧐
@aosipovich
Alexander Osipovich
1 year
The SEC probe has nothing to do with Virtu's retail business, according to the person familiar. Still, the timing is interesting given that @Dougielarge has publicly made himself the anti-Gary, repeatedly bashing SEC leadership over its proposed market structure overhaul. (4/4)
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@WeTheInvestors_
WeTheInvestors
1 year
They’re scared.👀“Retail Auctions. We recommend withdrawing this proposal for a number of reasons, including the unprecedented nature of requiring certain market participants to utilize a specific trading protocol. At a minimum, the proposal should be indefinitely paused until…”
@citsecurities
Citadel Securities
1 year
Citadel Securities, NYSE and Charles Schwab have submitted a letter to the SEC with consensus recommendations on equity market structure reform. Read the suggestions for a constructive path forward to ensure our equity markets remain the envy of the world.
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@WeTheInvestors_
WeTheInvestors
7 months
When you can’t dictate to regulators…and your political spend is impotent, then…you sue. Not the first time. Not the last time. Shades of things to come in 2024? As more market rules are finalized? Nobody likes a sore-loser ⁦ @citsecurities ⁩⁩ 🫵
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@WeTheInvestors_
WeTheInvestors
8 months
Remember that time we announced a campaign to preserve @SECGov structure reforms & someone tried to hack us immediately. Someone is big mad that our grassroots organizing is working. 🤔 Contact your member of Congress & let them know you stand by Reform 👉
@dlauer
Dave Lauer
8 months
Fun story - as soon as I posted this thread, someone started portscanning and exploring our API looking for vulnerabilities. They weren't very subtle about it and I blocked them straight away. They also can't DOS attack us with how this is setup. But we're scaring some people.
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@WeTheInvestors_
WeTheInvestors
10 months
“Individual Investor.” 👀 Not meme investor. Not retail investor, but “Individual Investor.” Take note of the change in language. 👏👏👏 (And read the investor bulletin. It’s a good one.). @SECGov @GaryGensler
@GaryGensler
Gary Gensler
10 months
As an individual investor, you typically have several ways to hold the securities that you buy or own, including: ➡️Street Name ➡️Physical Certificate ➡️Direct Registration @SEC_Investor_Ed has a bulletin outlining ways you might be able to hold your securities.
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@WeTheInvestors_
WeTheInvestors
1 year
Take a moment and reflect on what WE have done. How WE came together. How WE educated one another. WE demanded access. And WE fought for change. WE put the wheels in motion. WE raised our voices. And, WE are making a difference. But, WE are just getting started. ✊ #WeTheInvestors
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@WeTheInvestors_
WeTheInvestors
8 months
Hello to all you “so-called” investors out there, working hard everyday to just get by in an unfair and broken system. 👋 @ByronDonalds
@dlauer
Dave Lauer
8 months
@GaryGensler @WeTheInvestors_ Holy shit - Rep Donalds just asked Gensler about We The Investors. He called our organization into question & said we are astro-turfing with "so-called individual investors" over our comment letter campaign on 13D/G changes. Maybe you all can let @ByronDonalds know who you are.
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@WeTheInvestors_
WeTheInvestors
1 year
Main Street takes on Wall Street 💪“"This was extraordinary," a user with the handle Where's Seamus, posted on YouTube following We The Investors' Feb. 22 livestream with Gensler. "We are changing the world."” Yes WE are. #WeTheInvestors
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@WeTheInvestors_
WeTheInvestors
1 year
🚨 Tomorrow is the deadline to submit a comment to the @SECGov ! #WeTheInvestors has provided 3 letter templates, on 3 issues. Don’t let the status quo persist! Speak up! Tick Size: Order Competition: PFOF:
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@WeTheInvestors_
WeTheInvestors
8 months
@alexandrascaggs Totally. Nothing to see here. Move along. “Of almost 5,300 comments, only 74 — less than 1.5% — were submitted by institutions, while 98% came from named or anonymous individuals.” 🤨
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@WeTheInvestors_
WeTheInvestors
1 year
Chad Gensler. Big changes are coming. The fight continues. @SECGov @GaryGensler #WeTheInvestors
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@WeTheInvestors_
WeTheInvestors
1 year
No. Let’s get real. What changed?
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@citsecurities
Citadel Securities
1 year
The SEC’s proposed changes to equity market structure could have significant unintended consequences. Two of our experts, Joe Mecane and Stephen Berger, discuss the response from market participants. See the full interview at
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@WeTheInvestors_
WeTheInvestors
1 year
Knew it! 🤡 “Ultimately, it’s going to end up, unfortunately, sadly, probably in litigation [if ⁦ @GaryGensler ⁩ ] decides to go down this road,” Virtu CEO ⁦ @Dougielarge ⁩ said in an interview at the STA conference on March 27th at the NYSE.
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@WeTheInvestors_
WeTheInvestors
1 year
The stink of hypocrisy is suffocating an informed conversation about market reform. Let’s see how those glass houses hold up shall we … 😏
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@WeTheInvestors_
WeTheInvestors
1 year
🤯😂 Comment!! 👉 👈
@dlauer
Dave Lauer
1 year
Wow, I didn't realize that KENNETH GRIFFIN himself actually wrote my comment letter for me in 2004. It's always great when diverse market participants can come together and agree on such important points. Definitely saves me some work as I write my comment letters!
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@WeTheInvestors_
WeTheInvestors
1 year
Incumbent Playbook: Prevent Public Interest ❌ fail (‘21) Prevent Regulator Interest ❌ fail (‘21) Prevent Public Education ❌ fail (‘22) Prevent Rule Proposals ❌ fail (‘22) Prevent Public Comments ❌ fail (‘23) Prevent Rule Adoption (pending fail ‘23) Sue SEC (next up)
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@WeTheInvestors_
WeTheInvestors
1 year
If you’re convinced things won’t change - nothing will. If you think nothing can be done - it won’t be. If you look around hoping for someone to do the work - no one will. There are no heros. Just people who act to meet the moment with purpose. Be one. It’s you. Be the catalyst.
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@WeTheInvestors_
WeTheInvestors
7 months
It’s been an impactful week, progress built on seeds of engagement planted months and years(!) ago. Change takes time. It’s time. @SECGov @GaryGensler #WeTheInvestors
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@WeTheInvestors_
WeTheInvestors
1 year
Join @dlauer and @WeTheInvestors_ , with special guest @Paul_Conn , today as we engage @GaryGensler and the @SECGov
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@WeTheInvestors_
WeTheInvestors
1 year
And yet, @GaryGensler and the @SECGov met with individual investors - for the second time - last week. #WeTheInvestors have more than a seat at the table, we have the attention and ear and consideration that this “annual conference” craved and lost. This is how change happens. ✊
@EleanorTerrett
Eleanor Terrett
1 year
“The Securities and Exchange Commission said it will not be speaking this year at an annual conference well-known in legal circles. As a result, the event—called SEC Speaks—is being canceled.” - @davidamichaels
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@WeTheInvestors_
WeTheInvestors
8 months
Inaccurate statement. @SECGov and @GaryGensler have met with us repeatedly and listened to the concerns individual investors have. Maybe it’s not that he’s not “listening” to certain stakeholders but more he’s not “complying” with certain stakeholder wishes. 🤔 What do you think?
@FinancialCmte
Financial Services GOP
8 months
Through inadequate comment periods and public engagement, Gary Gensler has made clear he doesn't value stakeholder input when considering rules. This unwillingness to listen to stakeholder concerns during the rulemaking process undermines the integrity of our capital markets.
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@WeTheInvestors_
WeTheInvestors
1 year
Hey, Biff! Maybe take a step back and think about what you’re doing?
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@WeTheInvestors_
WeTheInvestors
1 year
On December 16th, @GaryGensler met with #WeTheInvestors in a “historic moment for retail activism.” Diverse, informed, individual voices asked the @SECGov Chair about landmark proposed rule changes, and challenged him to do better. Watch. Learn. Engage. 👀
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@WeTheInvestors_
WeTheInvestors
1 year
Battle lines over market structure reform are forming clear as day. The only thing obscure is the proliferation of inducements and incentives over the past 20 years. Sunlight is the best antiseptic. A tale in 4 pictures. Who’s right? @citsecurities or @Citadel Tough call. 🙃
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@WeTheInvestors_
WeTheInvestors
1 year
Word is spreading …
@crobmatthews
Chris Matthews
1 year
Spoke with @dlauer about We The Investors' grassroots campaign for market structure reform
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@WeTheInvestors_
WeTheInvestors
1 year
Submit your Comment Letter on Order Competition and the pitfalls of Internalization! tl/dr “internalization is bad”. Oh, wait, that’s @citsecurities comment letter? From 2004?! What the heck @Dougielarge , are they right? Say it ain’t so! Submit!
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@WeTheInvestors_
WeTheInvestors
11 months
“Additionally, as the complaint alleges, on occasion Sabby and Mintz used their naked short selling to artificially deflate the price of securities, allowing them to obtain more shares at a cheaper price.” 👀 Free markets cannot be free, unless they are fair. @GaryGensler @SECGov
@SECGov
U.S. Securities and Exchange Commission
11 months
We charged investment adviser Sabby Management LLC & its managing partner, Hal D. Mintz, with fraud in connection with a long running scheme involving misrepresentations & violations of rules for short selling & order making, & other violative trading.
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@WeTheInvestors_
WeTheInvestors
1 year
Incumbents want you to believe the fight for market reform is individuals versus the unified titans of Wall Street. It’s NOT. Wall Street is NOT a unified front and @SECGov knows it. Some are misrepresenting that unified front. Why? Because they’re scared of change. More soon. 🙊
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@WeTheInvestors_
WeTheInvestors
7 months
Ding ding ding. “For the avoidance of doubt” 👉 13d disclosure rule does not assign voting rights to derivative holders. Thanks to everyone who submitted a comment letter, and helped clarify #WeTheInvestors position. #socalledsoicalled
@dlauer
Dave Lauer
7 months
I still need to read entire 13d final rule, my initial impression is that the SEC made good changes & final rule is good. SEC also made it clear in footnote 458 that the rule would IN NO WAY confer voting rights to derivatives holders, as @WeTheInvestors_ explained at the time.
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@WeTheInvestors_
WeTheInvestors
7 months
Your voice matters. Do the work. #WeTheInvestors #socalledsoicalled
@dlauer
Dave Lauer
7 months
Heads up all you "so-called individuals" - our comment letters worked. The SEC updated rules to reduce the amount of time funds have private information. This is a good change & the exact issue Byron Donalds called us out on. Let's keep up the pressure!
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@WeTheInvestors_
WeTheInvestors
1 year
The battle for reform continues. ✊Good write-up from @MarketWatch on @WeTheInvestors_ and all of YOUR efforts to bring fairness to markets. 🧵
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@WeTheInvestors_
WeTheInvestors
1 year
For clarity, WeTheInvestors is not organizing, participating in, or planning any in-person event(s), now or in the foreseeable future. 🙏
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@WeTheInvestors_
WeTheInvestors
6 months
Too bad, so sad. $pecial interests are having a hard time defunding @SECGov ’s market reform rules. “The Administration also strong opposes Sections 550 - 556 of the [appropriations] bill.” Recall, Section 552 pulled SEC’s funding. Admin is saying nope.
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@WeTheInvestors_
WeTheInvestors
1 year
We the Investors just passed 35,000 signatures on our 2nd petition to @GaryGensler and the @SECGov ! Help bring attention to needed reforms in stock lending, FTDs, Reg Sho, & investor communications. 🚨 Sign to support change!! 👉 👈
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@WeTheInvestors_
WeTheInvestors
8 months
🚨🚨🚨
@dlauer
Dave Lauer
8 months
In the midst of the battle taking place over government funding, the House Financial Services Committee tried to slip in a provision to defund the SEC's new market structure proposals. They're hoping nobody will notice - but @WeTheInvestors_ found out.
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@WeTheInvestors_
WeTheInvestors
1 year
It’s comical how underestimated you all are and how fragile folks think #WeTheInvestors is. Someone’s in for a rude awakening. We’re not leaving.
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@WeTheInvestors_
WeTheInvestors
1 year
Oh boy. What could @VirtuFinancial and @Dougielarge have to add to the conversation that @citsecurities hasn’t already said? Better. With more expensive and fancier lawyers? 🦜🥱
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@VirtuFinancial
Virtu Financial
1 year
Virtu's comment letters on the SEC's proposals are now available on our website. Click here to read our complete breakdown of how we believe these proposals could harm liquidity and reduce competition.
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@WeTheInvestors_
WeTheInvestors
11 months
Perhaps a “wrecking ball” is necessary to clear out the accumulated corrosion that exists in our national market system? Systemic decay requires systemic reform. Inquiring minds want to know - what’s changed since 2004? Not much. Not enough. Well, not anymore. #WeTheInvestors
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@FinancialCmte
Financial Services GOP
11 months
#WATCH : Subcommittee Chairman @RepAnnWagner at today's hearing: "Chair Gensler and Director Zhu have taken a wrecking ball to every corner of our current equity market structure in one fell swoop." Read more 🔗 📺 Watch her opening remarks 👇
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@WeTheInvestors_
WeTheInvestors
8 months
FYI 👉 The 45-day stop-gap funding measure that just passed in the House does nothing to lessen the looming Threat to Defund Market Reform. Rest up - the push continues Monday. #wetheinvestors
@dlauer
Dave Lauer
8 months
@WeTheInvestors_ @ByronDonalds Everything is on the line here. If this provision makes it through, SEC stops work on reforming markets. It will be a gift to the supporters of the status quo. Nothing will change. Now we find out what's more important - campaign money or voters.
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@WeTheInvestors_
WeTheInvestors
11 months
🚨The comment file for @SECGov proposed rule s7-06-22 is out, and unfortunately many comments miss the mark. We’ve got @GaryGensler scratching his head thinking “i thought people want MORE transparency?” We DO! #WeTheInvestors supports the bulk of proposed rule. 👇 Spread word.
@dlauer
Dave Lauer
11 months
@UrvinTerminal @BetterMarkets A ton of comment letters just posted on the SEC's website, many of which oppose the rule due to idea that it would give derivatives holders voting rights (it wouldn't): This is very unfortunate - this rule is beneficial. Please reconsider your opposition.
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@WeTheInvestors_
WeTheInvestors
8 months
🚨 The GOP laying groundwork to defund the @SECGov market restructure Rules. Say what you will about @GaryGensler but the resistance these rules are getting at the highest levels, and who’s funding that resistance 👀 should tell you everything you need to know. Voters > $$$
@FinancialCmte
Financial Services GOP
8 months
#NEW : Ahead of today's hearing, all Republicans on the Financial Services Committee sent a letter to @SECGov Chair Gary Gensler slamming the agency for its failure to assess the cumulative impacts of its interconnected rulemakings. ⬇️ Read more 🔗
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@WeTheInvestors_
WeTheInvestors
6 months
Let’s keep spreading the word and light up the phones in Congress! This is the time to act and push for the changes that @WeTheInvestors_ are fighting for. Let Congress know that we're not "so-called individuals". We’re not going anywhere!
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@WeTheInvestors_
WeTheInvestors
8 months
What happens when #DumbMoney smartens up … and gets organized? Change. #WeTheInvestors
@WeTheInvestors_
WeTheInvestors
1 year
Join @dlauer and @WeTheInvestors_ , with special guest @Paul_Conn , today as we engage @GaryGensler and the @SECGov
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@WeTheInvestors_
WeTheInvestors
6 months
Politicians come and go. #WeTheInvestors are here to stay. ✊
@dlauer
Dave Lauer
6 months
Wow, McHenry won't run for re-election. As Chair of House Financial Services Cmte he's been one of the staunchest supporters of the status quo in markets and a huge impediment to reform. This is a big deal.
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@WeTheInvestors_
WeTheInvestors
8 months
Someone’s big mad that grassroots organizing works … wait til we really get going. @SECGov @FinancialCmte
@dlauer
Dave Lauer
8 months
@GaryGensler @WeTheInvestors_ Holy shit - Rep Donalds just asked Gensler about We The Investors. He called our organization into question & said we are astro-turfing with "so-called individual investors" over our comment letter campaign on 13D/G changes. Maybe you all can let @ByronDonalds know who you are.
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@WeTheInvestors_
WeTheInvestors
8 months
🤔 Picture this: trying to use the looming government shutdown as a trojan horse to get your paid-for politicians to defund the SEC’s adoption of its market reform proposals. Just imagine your congressperson caring more about the almighty dollar than you. Mad yet? Call congress.
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@WeTheInvestors_
WeTheInvestors
1 year
Who’s going to tell them we know money doesn’t grow on trees? “Wholesalers send brokers a slice of their trading profits, a practice known as payment for order flow. Last year, the dozen largest U.S. brokers received $3.1 billion in such payments for their customers’ stock”- @WSJ
@citsecurities
Citadel Securities
1 year
The SEC suggests that its Order Competition proposal could save retail investors $1.5B a year. We analyzed the data and determined that retail investors would actually lose $2.4B. See the full interview at
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@WeTheInvestors_
WeTheInvestors
7 months
The irony is thick. 👉 Immediately following the introduction of an appropriations bill rider to defund the @SECGov ’s rule making and market reform agenda, the @FinancialCmte grinds to a complete halt due to internal party turmoil. Politics … 🙄 … let’s get to the real work.
@FinancialCmte
Financial Services GOP
7 months
POSTPONED: Hearings in the Subcommittees on Capital Markets and Financial Institutions & Monetary Policy have been postponed until further notice. Read more 🔗
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WeTheInvestors
8 months
Now it gets spicy.
@DeItaone
*Walter Bloomberg
8 months
🔸U.S. SEC SAYS IT CHARGES CITADEL SECURITIES FOR VIOLATING ORDER MARKING REQUIREMENTS OF SHORT SALE REGULATIONS
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@WeTheInvestors_
WeTheInvestors
1 year
Capricious: “given to sudden and unaccountable changes of mood or behavior.”Get used to the word “capricious” - it’s what market makers are going to say the rules are. But it looks like @citsecurities can’t keep their position straight. Why the change of heart? @Dougielarge ? 🤔
@WeTheInvestors_
WeTheInvestors
1 year
👉“We believe that the potential long-term impact of internalization is so corrosive to our national market system that the @SECGov should take every step possible to curtail the business practice.” @Citadel Hey @Dougielarge / your taskmaster can’t keep their story straight. 🤡
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@WeTheInvestors_
WeTheInvestors
1 year
Wrong.
@VirtuFinancial
Virtu Financial
1 year
Growing Consensus Supports Phased & Limited SEC Reforms. Except for enhancing Rule 605 & quoting tick-constrained symbols in half-pennies, there is broad opposition to Gensler’s proposals. Click here for a summary & links to the full the comment letters.
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@WeTheInvestors_
WeTheInvestors
7 months
Myth: People don’t matter. Fact: YOU do the work, you change the conversation. 👉 “The @SECgov is shaping up to be the most pro-worker, pro-investor, pro-small biz SEC since FDR.” @WeTheInvestors_ are making an impact. YOU are making an impact. ✊
@FSCDems
U.S. House Committee on Financial Services
7 months
The @SECgov is shaping up to be the most pro-worker, pro-investor, pro-small biz SEC since FDR. @FSCDems 👏 the agency’s work under Chair @GaryGensler for fighting to give all investors a fair shot at success in our nation’s cap. markets. 💻: 📻:
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@WeTheInvestors_
WeTheInvestors
1 year
The lack of transparency around stock loan, short selling and FTDs? Do you think business models that rely on FTDs and shorting should be illegal? Do you think investors should have direct control of their holdings? So do @WeTheInvestors_
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@WeTheInvestors_
WeTheInvestors
1 year
Things are not going according to their plan. They’re scrambling. They’re losing. And it shows. 💪 #WeTheInvestors
@dlauer
Dave Lauer
1 year
Some really desperate employees of a middleman whose stock is down 50% have dug up my Senate testimony from 2014, and taken one line of it out-of-context as a gotcha. These people are getting pretty desperate if that's all they've got.
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@WeTheInvestors_
WeTheInvestors
8 months
Make your voice heard. #SoCalledSoICalled
@UrvinFinance
Urvin
8 months
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@WeTheInvestors_
WeTheInvestors
1 year
This is OUR year for market structure reform. If YOU care about fairer markets, tag a friend to follow us and check out our YT channel to stay up to date on our efforts to transform markets. We’ll have a lot to share in the coming weeks:
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@WeTheInvestors_
WeTheInvestors
1 year
. @TheJusticeDept Anti-trust division weighs in on @SECGov proposals. The ANTI-TRUST division commends @GaryGensler & the SEC on the competitive impact of the rules. 90% of individual investor orders go to a handful of wholesalers right now 👉Anti-competitive is an understatement.
@dlauer
Dave Lauer
1 year
@WeTheInvestors_ The oligopolistic rent-seekers have tried to make the point that the off-exchange market for retail orders is competitive, though we contend they mistake their own competitive preferences for competition. DOJ agrees. That's a big deal.
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@WeTheInvestors_
WeTheInvestors
1 year
Compare. Contrast.
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@RepAnnWagner
Ann Wagner
1 year
Chair Gensler’s SEC has rushed through an aggressive rulemaking agenda that is neither driven by Congressional mandate nor a widespread market failure. The SEC’s proposals will put the savings of millions of Americans at risk.
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@WeTheInvestors_
WeTheInvestors
1 year
👇 TODAY IS THE LAST DAY 👇
@WeTheInvestors_
WeTheInvestors
1 year
🚨 Tomorrow is the deadline to submit a comment to the @SECGov ! #WeTheInvestors has provided 3 letter templates, on 3 issues. Don’t let the status quo persist! Speak up! Tick Size: Order Competition: PFOF:
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@WeTheInvestors_
WeTheInvestors
5 months
Shocking.
@dlauer
Dave Lauer
5 months
The SEC's new short selling and stock loan disclosure rules are being challenged by the Managed Funds Association, a group of hedge funds opposed to any kind of transparency or reform.
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@WeTheInvestors_
WeTheInvestors
10 months
“US doesn't have the best markets.” - @ltabb . 🤔 That’s not the cornerstone for anyone’s argument to maintain the status quo, is it? @SECGov @GaryGensler
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@ltabb
Larry Tabb
10 months
US doesn't have the best markets. While we wrote that only Dow has best global spreads - I wondered re: implementation. Working with @bloomberg BTCA, equity implementation costs are also not the best. Europe is better A bit of crow to eat, especially to @AlexanderGerko
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@WeTheInvestors_
WeTheInvestors
1 year
Ooof. A tale told, in two tweets. IYKYK @Dougielarge @RobinhoodComms @citsecurities
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@WeTheInvestors_
WeTheInvestors
1 year
yes. simple.
@SenatorBaldwin
Sen. Tammy Baldwin
1 year
Today I met with @GaryGensler to demand that the @SECGov use the tools Congress gave it to better protect Main Street from Wall Street. Big hedge funds that just care about short-term profits abuse our outdated rules to fire workers, gut companies, & leave communities devastated.
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@WeTheInvestors_
WeTheInvestors
8 months
Thanks, @benmezrich . Wall Street reform is long overdue. If not us, who? Doing nothing, does nothing. #WeTheInvestors @DumbMoneyMovie
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@WeTheInvestors_
WeTheInvestors
6 months
“Folks will sue” 🥸 There you have it. Out loud, as predicted. And these “folks” will say the @SECGov market reform rules are “arbitrary and capricious”. They’ll say there’s no problem to be solved. They’ll cry about process and @GaryGensler not listening. One question … 👇🧵
@ltabb
Larry Tabb
6 months
@jjbrown111076 @GregoryDusch Most of these equity market structure proposals will crash & burn. The only one that won't is the transparency proposal. The other three - if approved in tact - folks will sue, they will get stayed and good chance SEC loses. There is a compromise, but not sure SEC will take it
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@WeTheInvestors_
WeTheInvestors
7 months
TBT 😏
@WeTheInvestors_
WeTheInvestors
1 year
👉“We believe that the potential long-term impact of internalization is so corrosive to our national market system that the @SECGov should take every step possible to curtail the business practice.” @Citadel Hey @Dougielarge / your taskmaster can’t keep their story straight. 🤡
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@WeTheInvestors_
WeTheInvestors
1 year
Ahem. 👀 The @SECGov has two additional mandates: (1) protecting investors, and (2) maintaining fair, orderly, and efficient markets. And an overhaul of anticompetitive legacy systems seems overdue, and appropriate Time to balance the scales. ⚖️ #WeTheInvestors
@RepAnnWagner
Ann Wagner
1 year
Capital formation is central to the SEC's mission and Chair Gensler needs to focus his attention on it so American businesses can grow and thrive, creating new jobs and helping our economy.
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@WeTheInvestors_
WeTheInvestors
7 months
nuff said
@vladtenev
Vlad Tenev
7 months
The SEC has proposed a new “predictive data analytics” (PDA) rule that would severely curb financial services firms from using technology to serve customers. @RobinhoodApp has voiced opposition, and I strongly stand behind it. This would have a major impact on investors. (1/7)
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WeTheInvestors
8 months
The consistent argument by “experts” that “nothing has happened” since 2021 is the equivalent to a child putting their fingers in their ears & shouting “la la la.” It’s either (1) ignorant (2) willfully blind or (3) something else entirely. Nothing to see here? What do you think?
@WeTheInvestors_
WeTheInvestors
8 months
@GerberKawasaki @benmezrich Untrue @GerberKawasaki . Systemic reforms are on the table. Put forward by @SECGov in response to the events of 2021. You know this. If enacted these reforms will change wall street and its predation. You also know this. Special interests are desperate. Apes are fighting back.
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@WeTheInvestors_
WeTheInvestors
1 year
Here we go!!! First up - putting an end to PFOF! Submit your comment letter to the @SECGov , and let @GaryGensler and every regulator know that markets NEED to change. Let’s stop predatory PFOF!! 👇👇👇
@dlauer
Dave Lauer
1 year
It's time to end Payment for Order Flow & get trades out of the wholesalers & on to lit exchanges. Let's end this corrupt & concentrated practice that's ruining market quality. Join @WeTheInvestors_ in our comment letter campaign & let's change markets!
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WeTheInvestors
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@PlatnumSparkles
Platinum
7 months
Both Approved🔥LFG! Our comments do matter and we're seeing change happen! GG: “Today’s adoption will promote greater transparency about short selling both to regulators and the public. This rule addresses Congress’s mandate and improves upon existing sources of short
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@WeTheInvestors_
WeTheInvestors
1 year
When you attack the messenger, you fear the message.
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@WeTheInvestors_
WeTheInvestors
7 months
Big day today. @SECGov
@dlauer
Dave Lauer
7 months
The second rule was the first comment letter campaign @WeTheInvestors_ ran & you filed almost 2k comment letters! Here is the link to our comment letter: We urged SEC to make the final rule far more robust & mirror 13F long position reports.
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