February 21, 2022
Hello. As a retail investor, I believe that shortening the settlement window from T+2 to T+1 is a step in the right direction, however, not good enough in todays age. The year is 2022 and I firmly believe that anything other than T+0 is a slap in the face to retail investors everywhere. My main argument that the reduction of settlement time from T+2 to T+1 instead of T+0 is that it still allows large institutions to front-run and engage in arbitrage against retail investors far too easily. Any arguments against this statement is ignorant at best, and malicious at worst. As the SEC, you should be looking out for retail investors best interests, however, although this is a small step in the right direction, I believe it is not enough. Unless settlement is reduced to either T+0, or even better, instant settlement, retail investors will continue to be taken advantage of under the SECs watch. I have a hard time believing that large financial institutions that are able to run miles of fiber cables to be able to execute trades at thousandths of seconds before the other guy would need YEARS in order to reduce settlement to T+0 or instant settlement. We have the technology, it is just a matter of how long do we want to retail investors to continue to be cheated in the American markets before we want to do something about it. Thank you for allowing me this opportunity to voice my concerns on this topic.