Feb. 24, 2023
Hello, The proposed rulemaking, S7-29-22, represents an important step towards greater transparency and competition in the securities market. By requiring broker-dealers to disclose more information about their order execution practices, investors will have a better understanding of the quality of execution they are receiving and will be better able to compare different broker-dealers. This increased transparency and competition will reduce unfair advantages broker-dealers and market makers currently have over individual investors. This is an absolutely critical rule that is needed in the US stock market so that individual investors do not need to directly register their shares with a transfer agent in order to feel safe.