Mar. 25, 2023
March 25, 2023 Re: SEC Proposal on Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders (no. S7-30-22) Thank you for the opportunity to comment on proposed rule S7-30-22. As a retail investor I would gladly pay a fee to ensure my orders do not go to a wholesaler. I believe the exclusion of odd lots from the NBBO reduces competition in our markets. For most stocks, a large majority of retail orders are in odd lots. This leads to lack of true price discovery if these orders go to a wholesaler or dark pool rather than the lit market. I would ask the commission to please look into a way to fairly address this issue to ensure everyone's orders are reflected in the NBBO.