Subject: File No. S7-31-22; Release No. 34-96495: Order Competition Rule
From: Ben Temple
Affiliation:

Apr. 01, 2023

 


I support rule S7-31-22; Release No. 34-96495 Order Competition Rule  
PFOF should be banned just like it is in the UK. The markets are only fair if the auction is open to all and internalizing orders is the antithesis of a free market. 


Retail investors not dealing with PFOF get a better price than those dealing with it, violating FINRA's Best Execution guidance. 


The Enforcement of SEC rules needs to be improved with higher fines to serve as a significant deterrent for breaking the law. 


Thank you, 
US Citizen and retail investor, 


Ben