Apr. 01, 2023
Hello SEC For the individual investor who is not acquainted with the inner workings of the market, order execution can be major player in the quality of their trades. For the sake of unraveling any confusing elements of our market please provide some simplicity of NMS rule 605. Allowing this to be more accessible to the common investor will allow them to make more informed actions. Second let the order of best execution which in these times is a recommendation for our brokers like Fidelity, become a rule enforceable by the SEC. Conflicting orders that watchdogs may encounter have no place in a regulated market. Such actions can be abused for unfair advantages. We can see an example in the recent penalties applied to Robinhood. A way to improve our, the individuals investors, understanding of execution may be to allow audits to be part of the regular filings of trade institutions. The proposed rule allowing the process of the aforementioned changes would allow individuals to be safer from fraudulent practices that have attained fame among retail. Such as Robinhood, FTX, and any new company that may provide trading stock or cryptocurrency as its main attraction.