Mar. 19, 2023
Dear Securities and Exchange Commission, I am writing to express my support for the proposed rules outlined in File Nos. S7-31-22, S7-30-22, S7-32-22, and S7-29-22. These regulations aim to promote fair competition, transparency, and better execution in the securities market. Firstly, the Competition Rule (File No. S7-31-22) is crucial in preventing anti-competitive behavior and promoting a level playing field for all market participants. By prohibiting certain practices such as preferential access to data or services, the rule ensures that no single entity has an unfair advantage in the market. Secondly, Regulation NMS (File No. S7-30-22) seeks to improve market efficiency and fairness by setting minimum pricing increments, access fees, and transparency standards for better-priced orders. This will enhance price discovery and enable investors to make more informed decisions, ultimately contributing to a more efficient and stable market. Thirdly, Regulation Best Execution (File No. S7-32-22) will require broker-dealers to execute orders in the best interest of their clients, prioritizing factors such as price, speed, and likelihood of execution. This will enhance investor protection and increase confidence in the market. Finally, the Disclosure of Order Execution Information rule (File No. S7-29-22) will require broker-dealers to disclose detailed information about the execution quality of their orders. This will provide investors with greater visibility into how their orders are being executed and enable them to make more informed decisions. Overall, I believe that these proposed rules are critical in promoting fairness, transparency, and efficiency in the securities market. I urge the SEC to adopt these regulations in a timely and effective manner to ensure that investors are adequately protected and the market functions in a manner that is fair and transparent. Thank you for your consideration. Sincerely, Matthew Sanchez Household Investor