Mar. 31, 2023
I'm writing this letter/comment to express my approval of the before mentioned rule. I have been trading for roughly 3 years now & what I've seen from the market is enough to dissuade any would-be investors. I trade to improve my familial atmosphere. I trade for my future, but also that of my wife & children. Currently, the markets are a scam; it's obvious, but this rule that is being proposed will undoubtedly level the playing field. I've prepared a few bullet-points to help argue my approval of the 34-96493: - disclosure of detailed information on operations, conflicts of interest, and customer handling is beneficial and allows for organic movement of securities - ATS should have policies & procedures to prevent fraudulent and manipulative practices - ATS should provide data on execution orders, order routing practices, and use of dark pools to the SEC - ATS should operate consistently with broader regulatory structure of securities - Implement a variable pricing increment model for stocks to promote fair pricing - Cap on high commissions or fees in lieu of PFOF - Promoting more competition The SEC, in my opinion, needs to prioritise creating a competitive market structure that benefits ALL investors and not just the select few. By trade, I am a nurse & work for a prestigious cancer institute. My knowledge of the markets is finite, but I do know this: Household investors deserve to be treated fairly and those who take advantage of their station need a wake-up call. Rules are for everyone, not just the working class. For far too long have I witnessed fraudulent activity caused by bad actors. I am no longer going to sit idly by and allow this to continue. Please level the playing field. With appreciation & gratitude, Matthew Austin