Jun. 25, 2023
Eric Johnston 275 Crescent Drive Portland, MI 48875 06-25-2023 Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Subject: Public Comment on Rule S7-06-22 Dear Securities and Exchange Commission, I am writing to provide my input and express my concerns regarding the proposed rule S7-06-22. As a concerned individual interested in the integrity and fairness of the securities market, I believe it is essential to provide feedback on this matter. Firstly, I appreciate the SEC's efforts in continuously evaluating and refining regulations to protect investors and ensure efficient markets. However, upon reviewing the details of rule S7-06-22, I have several reservations that I would like to bring to your attention. One particular concern is the potential impact of the proposed rule on smaller market participants, such as individual investors, startups, and smaller companies. It is crucial to strike a balance between regulatory oversight and allowing these entities to access capital markets and foster innovation. Excessive burdens and compliance costs imposed by the rule may inadvertently stifle competition and hinder the growth of emerging businesses. Furthermore, I am apprehensive about the potential unintended consequences that may arise from certain provisions within the proposed rule. It is essential to thoroughly assess the implications and consider potential alternatives before implementing any changes that could disrupt the functioning of the securities market or adversely affect investor confidence. In addition, I would like to emphasize the importance of transparency and public engagement throughout the rulemaking process. Encouraging public comment and incorporating diverse perspectives are fundamental to ensuring that the final rule strikes the right balance and effectively achieves its intended goals. I kindly request that the Securities and Exchange Commission carefully consider these concerns and undertake a comprehensive evaluation of the potential impacts of rule S7-06-22. I believe it is crucial to collaborate with market participants, industry experts, and stakeholders to ensure that any rule changes reflect the best interests of all parties involved. Thank you for your dedication to maintaining fair and transparent capital markets. I appreciate your time and consideration of this matter. I trust that the SEC will diligently evaluate all public comments to make informed decisions that promote investor protection and market efficiency. Yours sincerely, Eric Johnston Sent from my iPhone