Mar. 6, 2023
In order to know which broker-dealers give the best execution, SEC rule proposal S7-29-22 must be passed in order to prevent scalping and restore a healthy market. I believe it's safe to assume that those who do not wish to be more transparent either have something to hide and are complicit or are incompetent as broker-dealers. No matter what the short-term repercussions are, I have faith that long-term we will see significant and positive outcomes with this rule. If there were rules such as SEC rule proposal S7-29-22 showing the best execution data, then Bernie Madoff's Ponzi scheme never would have gone to the extent it did.