Mar. 24, 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. As a household investor in the American stock market, I wholeheartedly support the passing of this rule proposal because it will even the playing field across all exchanges. I think harmonization of tick sizes across all exchanges will create a fairer and competitive market. It doesn't make any sense for one platform to be able to trade at sub-penny intervals while other market participants do not get the same advantage. The market makers that have this competitive advantage route orders to dark pools and off exchanges where there is no price discovery, negatively impacting the average-Joe investor. When passed, this rule would only negatively impact those who have this advantage already but what business do they have getting special treatment? It definitely leads to a monopoly. When passed, this rule should be clear, have no room for loopholes, and apply to all market participants Enforcement of this rule should have higher fines so that violating SEC rules isn't just a cost of doing business. There should be real consequences whether it be jail time or crippling fines that will actually deter bad actors from abusing the stock the market and taking advantage of individual household investors who earn their living. Anything less is just a slap on the wrist. Furthermore, it would absolutely benefit household investors if there were more transparency for better priced orders. There isn't a single reason why it would be bad thing. Please do the right thing. Appreciate the SEC for making this proposal. -Your Average American Investor