Mar. 07, 2023
March 7, 2023 Every rule the SEC passes is only as good as its enforcement. Any broker or market maker that violates should be fined at least the amount of money they made from violating those rules, and / or have their license removed entirely. I would gladly pay commission to avoid being routed through a wholesaler, especially one with a long record of flouting the law like Citadel Securities and its large network of collaborators. I support the tick size regime proposed by the Commission, and would also support any structure that is clear and does not rely on vague language. For example, some funds and firms might request language like \"has a reasonable amount of liquidity at the NBBO\", which translates to \"I can ignore the rule if I feel my lawyers can help me get away with it\". Loose language makes enforcement difficult or impossible, and wastes taxpayer dollars on needless litigation time. Clear language and a clear and unambiguous tick size rule structure are strongly preferred. Please do not include vague language in the application of your rules. I support full transparency in the market, which the proposed rules take a step towards. Any broker-dealer in opposition of the proposed laws has never had household traders interest at heart, as it is our money and the existing lack of transparency they rely on in order to operate and profit. Sincerely, A Concerned Investor