Mar. 9, 2023
March 9, 2023 I am an individual investor, and I fully support the proposal to reissue and revise the formerly removed provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 which inhibits transactions that would involve or result in material conflicts of interest. I have observed that there are individuals that have held positions in regulatory agencies that have also held high-ranking positions in Wall Street institutions (including major banks). I believe this poses extreme risk to individual investors as those individuals, whom have also held high-ranking positions in governmental regulatory agencies, represent the interests of those same institutions for which they now, will, or have previously, worked. Further, the aforementioned Wall Street Institutions hold significantly more influence over our markets than do individual investors posing significantly higher risks for individual investors and, subsequently, significantly lower risk for institutional investors. The most concerning conflict of interest is that of Market Makers also having trading firms that trade securities for their clients exposing those clients to risk of Market Makers trading against their clients' interest to the benefit of the trading firm which also belongs to the market maker.