Mar. 23, 2023
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. Dear Sir/Madam, I am writing to express my strong views on several matters that are of great concern to me as a trader and investor. Specifically, I would like to emphasize the importance of enforcement, my preference for paying commissions on trades rather than routing through a wholesaler, and my full support for the harmonization of tick size across all exchanges without exception. Firstly, I firmly believe that enforcement matters, and the SEC's role in enforcing regulations is crucial for maintaining fair and orderly markets. It is imperative that the SEC continues to vigorously enforce rules and regulations that are designed to protect investors and ensure the integrity of the marketplace. Secondly, I would like to express my preference for commissions on trades rather than having trades routed through a wholesaler. I believe that paying commissions ensures that the best possible price is obtained for each trade and removes inducements from the marketplace. I strongly oppose the presence of inducements which I believe can create conflicts of interest and ultimately harm investors. Thirdly, I fully support the harmonization of tick size across all exchanges without exception. This would create a more level playing field for all market participants and help to prevent the fragmentation of the market. I believe that this would ultimately benefit both investors and traders. Lastly, I strongly support the inclusion of odd-lot information in the SIP. This information is critical for investors and traders to make informed decisions, and I believe that it should be readily available to all market participants. In conclusion, I urge the SEC to continue its efforts to maintain fair and orderly markets, and to consider the views expressed in this letter with regard to the issues of enforcement, the preference for paying commissions on trades rather than routing through a wholesalers to avoid inducements, and the harmonization of tick size across all exchanges without exception, and the inclusion of odd-lot information in the SIP. Furthermore, I strongly oppose the insertion of any vague language into SEC rules. Thank you for your attention to these important matters. Sincerely, Mike R.