Subject: S7-01-23: WebForm Comments from Ethan Kowaleski
From: Ethan Kowaleski
Affiliation: Household investor

Mar. 23, 2023



 March 23, 2023

 To do list

-   Pack
-   Suit
- x Animal food
-   Message about stickers Etsy
-   Weed


I am a household investor and against these listed exceptions
Exceptions
As specified in Section 27B, the proposed rule would provide exceptions for:
 Risk-mitigating hedging activities
 Bona fide market-making activities and
 Liquidity commitments.

No exceptions should be put in place to create a leveled playing field.

While I'm at it there should be stricter tracking and regulation on order cancellations. The order cancellations can be abused if sent at a high frequency to manipulate a stock price either possibly or negatively to a drastic degree. Especially used by companies in the quantitative business.
https://www.sec.gov/marketstructure/datavis/ma_stocks_canceltotrade.html#.ZBUYmtIpDGc by your own chart.

You can also look at the monthly cancellation percentage here https://www.executionreport.com/
(https://www.virustotal.com/gui/url/9550ba240480e97fe2a5b83db7faa398a34555af16395488eb947ee57077d6d4?nocache=1)
You can search SPY,HLGN, AMC, GOOG, AAPL.

Please have tighter regulation without exceptions and allow a leveled playing field between all players. Thank you