Apr. 01, 2023
Dear SEC, Complexity and opacity in the US markets promote structures that lead to bad order execution quality for retail investors. Without the proposed best execution rule, investors may not be aware that they may be paying higher transaction prices than they should due to revenue arrangements between brokers and trading firms. The proposed quarterly reviews of execution quality would provide transparency and accountability for the broker-dealers' practices. With a more detailed and comprehensive standard for broker-dealers to follow, unnecessary and detrimental complexity due to "grey areas" is reduced. Clear rules foster transparent markets. Hence I am in support of the proposed rule. Best regards, Patrick S