Mar. 31, 2023
Hi Gary, I want to comment and give my full support for the following rule changes for our equity market structure: 1) Best Execution - this is about putting all investors on equal footing and making it a more even playing field for retail. 2) Order Competition- the anti-PFOF rule and I cannot express how necessary this is right now to ensure our markets are fair and free. 3) Tick Sizes - again, this helps level the playing field and benefits retail and institutional investors. 4) Order Execution- Absolutely would drive competition between brokers so that they fight for retail interest and not just the institutional investors. As it stands, the retail investors have been heavily disadvantaged in comparison to the institutional players. If we do not pass these common sense rules to make the markets fair and free then the stock market will be the piggy bank of the institutions and will be a marked disgrace to not only our financial markets but to the ideals of America. No man, woman or institution(s) is bigger than the will of the American People. Please pass these rules on our behalf and continue to pass more rules to bring about more transparency from these very murky markets. Thank you, -- Keagan Wethington