Mar. 06, 2023
To whom it may concern, I am appalled by the latest letter filed by Citadel Securities and Charles Schwab. They do not represent me as a household individual. Their assertion that the current market structure is the best for my interests, however the market structure and their proposal are far from fair, equitable, or in my opinion, completely legal. In my opinion of their actions being legal, I would argue that their statement that they indeed try to keep the market as liquid as possible by creating failure to deliver (FTD) shares. Although this may only make up 2-3% of shares the concentration in certain securities make people believe that is naked shorting in these said securities. In fact, I believe the latest proposals for market reform do help protect the household investor and help instill confidence that the regulatory bodies in charge of protecting household investors are hard at work making those decisions. Regards, Mike Miller