Mar. 31, 2023
Good afternoon I am an investor in the US stock market and am reaching out pertaining to the way orders are processed and market makers interact with the stock market. As such I am sending this email specifically to comment and offer my support on the referenced rule in the subject line: File No. S7-30-22; Release No. 34-96494; Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders I thank you for the opportunity to allow myself and others to comment on rules such as these. In order to communicate my thoughts clearly and precisely I have listed below key bullet points around my concerns that this rule addresses: - For a market to operate open and fair I am in support of the Commission's proposed tick size regime. Additionally there should be clear and unambiguous language in the rule structure that would avoid future litigation or confusion. - Further in the spirit of a fair and open market it is important that a single exchange not be allowed an unfair advantage over others. In order to achieve this it is key for the removal of rebates and other inducements in the market. These methods are simply masquerading as PFOF which I also support the banning of. - I believe it is important for the commission to continue to take steps such as those in this rule that will regain public confidence and trust in the markets. I am happy to see the SEC taking steps to better regulate and balance the exchange and hope to see this rule implemented soon. - David Wright