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: Sam Magliarisi
Affiliation:

Mar. 31, 2023

 



Hello SEC, 


I would like to make it clear that I very much dislike the presence of rebates and other inducements in the marketplace.  This is just payment for order flow in a disguise. I would prefer fees were reduced to zero. I want to seee bigger fines, stricter penalties, and real consequences for delinquents. Please find a way to include odd lots in the calculation of the NBBO.  


Thanks, 
Sam