Mar. 24, 2023
March 24, 2023 Dear Ms. Countryman, Thank you for the opportunity to comment on this rule. The prohibition of conflicts of interest in the market is very important. This is a step in the right direction and I support the overall aim of the rule. However, I noticed there are exemptions and exceptions for certain activities: hedging, market making, and liquidity. These types of exemptions and exceptions are why we find ourselves in the position we are in today. I hope the rule can be tweaked or adjusted to make it to where everyone is held accountable under this rule. Whilst hedging, market making, and liquidity commitments may help with stability and pricing, the trade off is worse. They are often used as justification for manipulating the markets under the pretense of stability. Market makers will often say they support or reject rules speaking FOR retail investors. I hope the SEC sees through this facade. Apply these rules equally across all market participants