Mar. 30, 2023
Dear SEC, I am writing to you today to express my concerns about the proposed changes to Regulation NMS. I believe that these changes would have a negative impact on the market and would make it more difficult for investors to get the best price for their trades. One of the most important aspects of Regulation NMS is the requirement that all orders be routed to the best available market. This requirement ensures that investors always get the best possible price for their trades. However, the proposed changes would allow exchanges to route orders to internalizers, which would not necessarily be the best available market. This would allow exchanges to make more money at the expense of investors. Another concern I have is that the proposed changes would make it more difficult for investors to get access to liquidity. The proposed changes would reduce the number of required liquidity providers, which would make it more difficult for investors to get their orders filled. This would make it more expensive for investors to trade and would make it more difficult for them to get the best possible price for their trades. I urge you to reconsider the proposed changes to Regulation NMS. I believe that these changes would have a negative impact on the market and would make it more difficult for investors to get the best price for their trades. Thank you for your time and consideration. Nicholas Tullio Nicholas.Tullio@ gmail.com