Mar. 21, 2023
March 21, 2023 Dear Sir or Madam, I am writing to express my support for the SEC's proposed rule, File No. S7-30-22 Release No. 34-96494 Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders. As someone who has followed the financial industry for some time, I believe that this rule will help improve market transparency, enhance investor protection, and promote fair competition in the markets. The proposed rule aims to address certain issues related to minimum pricing increments and access fees that have emerged in recent years. In particular, the rule seeks to eliminate the use of \"sub-penny\" pricing, which allows market participants to price their orders at fractions of a cent, and to require more transparency around the display of better priced orders. I believe that the proposed rule will help promote fair competition among market participants by eliminating certain anti-competitive practices that have emerged in recent years. By requiring more transparency around the display of better priced orders, the rule will ensure that all investors have access to the best prices available in the market. Additionally, by eliminating sub-penny pricing, the rule will help prevent certain market participants from gaining an unfair advantage over others. Moreover, I commend the SEC for seeking public comment on the proposed rule, which demonstrates the agency's commitment to transparency and openness. I encourage the SEC to carefully consider the comments submitted by all interested parties and to make appropriate adjustments to the proposed rule in light of those comments. In conclusion, I support the SEC's proposed rule, File No. S7-30-22 Release No. 34-96494 Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders. I believe that the rule will help promote transparency, enhance investor protection, and foster fair competition in the markets. Thank you for your attention to this matter. Sincerely, Max B