Subject: RE: File No. S7-30-22; Release No. 34-96494; Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders
From: Ryan Wynne
Affiliation:

Mar. 31, 2023

 



Hello, 


I am commenting in support of File No. S7-30-22; Release No. 34-96494; Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders.  I strongly support the Commission's proposed tick size regime, and recommend clear and unambiguous language in the rule structure to avoid any confusion or litigation.   Enforcement matters in these situations. I want higher fines, bigger penalties, and actual consequences.  I very much dislike the presence of rebates and other inducements in the marketplace - they are simply payment for order flow by another name. I'd prefer the fees were reduced to zero, but $0.001 would do. 


Thank you, 
Ryan Wynne 





  
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