RE:RE:Orderly transition of a billion sharesauto:
The industry uses the "5 private sellers" exception to circumvent the intent of the existing 13F rules of disclosure.
It is pointless to blame the buyer or its cohorts. Until the exception gets removed, the practice will continue, at which point the industry will find another loophole.
The stock market is not a level playing field. Never was and never will be. All we can do as little guys is watch the tides roll in and out and hope to get in front of the surge.