Subject: 10-239: WebForm Comments from Doug R. Scott
From: Doug R. Scott
Affiliation:

Feb. 27, 2023

February 27, 2023

 As a participant in our markets, I am genuinely concerned with the potential operations of this exchange. Specifically, 24X does not adequately describe how fractional shares will be traded, detail their relationship with other entities, and outline how their reporting will affect market participants. Furthermore, the fact that, \"...Members holding a majority of the outstanding
Preferred Units that are Voting Units, which majority must include Point72.\" has me even more concerned, considering Steve Cohen's track record. The fact that he's still able to even interact, in any capacity, in the markets is beyond me. I'm sure there may be a chance that Mr. Galinov has decent intentions, however given his relationship with Credit Suisse's darkpool and their less-than-spotless track record, I see this as a disaster waiting to happen. Our markets are in the worst shape they've been in, in a long time, and I encourage every member of the SEC to do their due diligence and consider the potential ramifications for market participants, pension plan holders, and the country as a whole. Thank you for your time.