Mar. 19, 2023
I strongly support the commission's proposed tick size regime. When enacting this rule please be sure to use clear and concrete language. There should be no possibility of confusion or litigation due to a lazily written rule. The last thing we need is more rules that allow for shareholders to be at the mercy of market makers due to loopholes written in by the SEC. Instead of allowing rebates and other inducements in the marketplace, establish a zero or very low fee structure to eliminate the potential for trading for the sake of volume. Reducing the access fee caps is a step in the right direction, completely eliminating exchange rebates would further enhance transparency and fairness in the market. Also, accelerating the implementation of the revised round lot definition and odd lot dissemination on the SIP to enhance reporting efficiency and reduce delays. The importance of taking these steps to regain public confidence and trust in the market, particularly in light of recent events in Gamestop, as well as other meme stocks.
Sincerely,
Matthew Simon