Subject: S7-31-22: WebForm Comments from Anonymous
From: Anonymous
Affiliation:

Dec. 31, 2022



December 31, 2022

 Comments on S7-31-22: Order Competition Rule


Fair and transparent markets are fundamental expectations that investors have when utilizing broker-dealers. Here are my thoughts as an individual investor:

-Competition for orders is critically important to ensuring that the best execution can be implemented, and the parties involved in the trade are getting exposure to a competitive group of market participants.
-Internalization and trades executed in dark pools are not impacting the NBBO and preventing true price discovery.
-Internalizing appears to benefit market makers much more than individual investor trying to buy or sell a security.
-There should be no exemptions for market makers, broker-dealers with high or low volume, small- or large-block trades, or otherwise.

Thank you for providing individual investors, like myself, the opportunity provide input on the proposal.

Thank you for your time.