Mar. 31, 2023
March 31, 2023 Dear SEC, As an individual investor, I am enthusiastic in my support for this rule's proposal to make the sub-penny tick size available to all exchanges, not just Citadel, and I am fine paying $0.64 cents more on my orders in order to see this universally shared sub-penny tick size put into practice. Additionally, I would like to voice support for this rule's proposal to reduce rebates, instead introducing a zero (or close-to-zero) fee structure to limit the potential for unnatural trading in the marketplace. I would prefer to see exchange rebates entirely done away with, I appreciate the Commission's proposal and see this as a great step forward in bringing more fairness and transparency to our markets and restore public faith in the market amidst controversies like the Gamestop situation from January 2021. I would request that the Commission considers the implementation of a variable minimum pricing increment model for quoting and trading of NMS stocks that will promote fair and transparent pricing across trading venues. I would also like to recommend accelerating the implementation of the revised round lot definition and odd lot dissemination on the SIP to enhance reporting efficiency and reduce delays. I would finally like to say that more than just request these via letter, I would like for the SEC's final rule to be as specific and to-the-point as possible to eliminate any open interpretation or wiggle room for bad actors. Enforcement of these rules should equally be driven and purposeful, with a sharp eye and keen hand ready to deal appropriate fines (not cost of doing business, but real fines) and bigger penalties (banning them from participating in the market for a set amount of years, if needed). Thank you for the opportunity to write in, it is truly appreciated.