Subject: Comment Letter for File Numbers S7-30-22 and S7-32-22 Regulations NMS and Best Execution
From: jonathan schumacher
Affiliation:

Mar. 23, 2023

 


Hello,

Please for the love of god, ban PFOF. Our markets meed to move towards more decentralized models. The era of middlemen must end. The greatest weak point in all of human organization is just that, the human element. We need to move away from giving people incentives to cheat and use things line order flow information for their own gain. I honestly don't care if i have to pay fees to cover my trading as a result, with modern tech its not much of a burder and Fidelity for example only uses it for their options trades and they are doing great. Stop giving people the ability to cheat and just hoping it will go well. Please move us to a decentralized model that uses pre-agreed protocols and smart contracts.

John s