Mar. 31, 2023
Dear Sir or Madam, I wanted to share my perspective regarding the SEC Proposal on Regulation S7-30-22. Specifically, I have the following points to make: I believe that the current punishments meted out by the SEC are inadequate in terms of deterring bad actors from breaking the rules. To truly enforce regulations, the fines must be raised to a level that serves as a genuine deterrent. Personally, I would be willing to pay a higher commission in order to avoid being routed through a wholesaler. It is my view that certain exchanges currently enjoy an unfair advantage due to the special treatment they receive. I fully support the standardization of tick sizes across all exchanges, as this would create a more level playing field. In conclusion, I strongly believe that the market should be a place of fairness and integrity. I urge you to consider these points in your decision-making process, and to take whatever actions are necessary to ensure that the market operates in a transparent and honest manner. Thank you for your attention. Best regards, Jaeyeon Oh