Mar. 16, 2023
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. Dear SEC staff, I am writing to express my strong opposition to the proposed rule change in the financial markets. As it stands, the change would grant market makers a set of permissions that are not afforded to other participants in the market. This creates an unfair playing field, with some players able to exploit their advantageous position over household investors. In particular, market makers have a history of predatory business practices, and I believe that this proposed rule change would only serve to cement their permission to engage in these practices. This would put many investors at a significant disadvantage, and could have far-reaching consequences for the entire financial system. Market makers have been involved in a number of unethical and potentially illegal practices, including front-running, spoofing, and wash trading. Allowing these players to continue to operate with special permissions only exacerbates these problems, and threatens the integrity of the markets as a whole. In light of these concerns, I strongly urge you to reconsider the proposed rule change, and to work towards creating a more level playing field for all participants in the financial markets. Thank you for your attention to this important matter. Sincerely, Theo J