Oct. 11, 2023
I am writing to express my concerns about the proposed rule changes that were recently outlined by the Securities and Exchange Commission. While I appreciate the SEC's commitment to maintaining fair and transparent securities trading practices, I believe that there are some significant cons associated with these proposed changes that should be carefully considered. Cost to Businesses: The increased regulatory burden and compliance costs associated with these new rules may prove to be financially burdensome for many businesses. In some cases, it could potentially force certain businesses to cease operations due to the added expenses. Administrative Burden: The additional paperwork and record-keeping requirements introduced by these rules could create a significant administrative burden for trading platforms and businesses. This added workload might hinder their ability to operate efficiently. Potential Unintended Consequences: As with any regulatory change, there is the potential for unintended consequences. These changes may have unforeseen impacts on the market and trading practices that could disrupt the current ecosystem.