Mar. 19, 2023
As a retail/household investor, I fully support the Proposal on Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders (No. S7-30-22). I think the current rules on pricing increments are unfair, and the fines for breaking SEC rules should be higher than any profits made from breaking them. I believe all exchanges should quote and trade in the same increments, and no exchange should have an unfair advantage. I don't like rebates and other incentives as they're just another way of paying for order flow. I think access fees should be reduced to zero, so investors can get the best execution for their trades. I support clear tick size rules and oppose any vague language. I also want odd lot information to be included in the SIP, so investors have more information to make better investing decisions. The exclusion of odd lots from the NBBO is a problem, and I think it should be addressed. Thank you for reading this and for your consideration. I strongly urge the SEC to enforce its rules, standardize tick sizes, reduce access fees, and include odd lot information in the SIP. By doing so, investors will have more confidence in the market’s integrity and receive fair treatment. Regards, Roxanne Barrionuevo