Mar. 31, 2023
File S7-30-22; Release No. 34-96494; Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders To Whom It May Concern: I strongly support this proposed rule and believe the proposed tick size regime, variable minimum pricing increment model, and revised round lot definition are extremely important and should be implemented across all exchanges in order to make our markets fair. There should be no exceptions or vague defintions allowed, which allow wholesalers to create a monopoly over certain parts of the market. I am absolutely against and very much dislike the presence of rebates and other inducements in the marketplace and insist that we establish a zero-to-low cost fee structure to eliminate the need to trade just for the sake of volume. I'm okay with paying a small, reasonable commission to trade knowing I'm getting the best execution for my order and not lining the pockets of someone scamming me. Completely eliminating exchange rebates is best and would further increase transparency in the markets. I also recommend accelerating the implementation of the revised round lot definition and odd lot dissemination on the SIP to enhance reporting efficiency and reduce delays. It is imperative to regain the public's trust after the GameStop fiasco in January 2021, when wholesalers showed the world that we are a very, very, very long way from a "free-and-fair-market" and only through actual enforcement can this be accomplished. The public demands higher fines (150% of the crime), bigger penalties (jail time for corrupt executives), and actual consequences for market participants engaging in nefarious behavior. Get rid of lobbyists too! Again, I support this proposed rule and urge the SEC to accomplish the task of promoting a free-and-fair market and protecting its investors. Sincerely, A Concerned Investor