Mar. 24, 2023
To whom it may concern, I strongly urge you to pass S7-30-22 Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders. Retail investors are currently at a major disadvantage when it comes to price improvement and our trades affecting the price of a security. No retail investor cares about getting a .0001 better price on their security while our orders don't impact the price of the security we are purchasing. "Price improvement" is a silly, negligible thing when behind the scenes our orders are being internalized and shorted to devalue the very asset we are trying to purchase. Lowering the tick size will level the playing field and ultimately provide better price improvement for retail traders. I also believe that providing better transparency around odd lot order pricing will eliminate some insider advantages that corrupt the system. Sincerely, Reis Hansen