Mar. 15, 2023
March 15, 2023 I would like to express my concerns about rule S7-01-23. I fear that it will only benefit powerful actors in their unfair practices and that it will leave retail investors with a lack of visibility and knowledge regarding their investments, leading them to potential losses. SEC's new rule will impair market transparency by hiding some offerings of securities to the investors. It will also provide an opportunity for manipulative market actors to create fake accredited investor accounts and engage in manipulative behavior while avoiding regulatory scrutiny. Retail activity has been increasing since the beginning of the pandemic, trading volume related to retail has hit new records in the beginning of 2023. Retail's impact on the market is getting increasingly important. On the other hand, the interests of other actors such as banks or hedge funds, drive them to bad practices such as manipulating prices, naked short selling and, as events regarding SVB an Goldman Sachs showed us, to drive each other to bankruptcy. Allowing these actions will only harm the US - and global - economy. I believe that rule S7-01-23 will only harm retail investors and encourage dishonest practices. Therefore, I ask the SEC to reconsider it. Thank your for your attention. Respectfully, A concerned investor.