Mar. 31, 2023
To Whom it May Concern, Payment for Order Flow (PFOF) does not benefit the investor in any way. This practice only benefits market makers and the companies that own them. Transactions need to happen on ‘lit’ markets only. Price discovery must be fair and transparent. Penalties for Failure to Deliver, if allowed to exist at all, should be severe and swift. The penalty should be per share and not transaction. In reality is is ridiculous that such things are even allowed in a fair market. If you sell something you have never had, and can’t find, you would be taken to jail in minutes were this any other commodity/item. This amounts to legalized naked shorting of securities. I proposed a $1,000,000 per share, per day, fine for each failure to locate/deliver. Thank you for your consideration. Do the right thing. We are watching. Eric Bricking