lets ban all trading. ETF are the only way the small investor can compete. 80% of price moves are controlled by 20% of investors. 80% of us are at the mercy of 20%. ETF give us a chance. I've almost quit trading individual stocks. the ETF limits my exposure to a single stock getting hammered. There needs to be a compelling reason for me to buy an individual stock these days. The only way to control the illegal manipulation is send them to jail for a very long time and seize asset much like is done with drug dealers....issues is most of those people are connected, have money and lawyers that are smarter then govt lawyers.