Mar. 18, 2023
I support this rule and its enthusiastic enforcement. Every rule the SEC passes is only as good as the enforcement that backs it. I want to see higher fines that ensure rule breaking is not punished by a slap on the financial wrist. I deeply appreciate and support any efforts to reduce inducements and to reduce the ‘farming’ of individuals’ orders for rebate money. There are clearly some market participants benefitting from a dominant, anti-competitive position in the marketplace. They pay for order flow or secure it through backroom deals. Why can't orders compete in lit markets? They should - and it's good to see that the Commission finally realizes this.