I'm back on my BS 🤪

I think one reason is that the stockbrokers make profit off of every trade through commission. The more trades, the more money they make. Thus, they would lobby to make it legal. Furthermore, limiting number of trades would upset traders by restraining their ability to trade, which would upset a voter base. There’s really no one that would care enough to provide the political capital necessary to implement the limitation.

The investment bank already does that and calls it commission. It’s basically how the Wolf of Wall Street’s main character got started: commission on penny stocks.

How’d you get ChatGPT to read the file?