Subject: Re: Order Competition Rule, File No. S7-31-22, Release No.34-96495
From: Toby Smith
Affiliation:

Mar. 31, 2023

 



Dear sir/madam, 


As a household investor, I fully support the rule, please implement it as soon as possible. 


I would gladly pay commission to avoid being routed through a wholesaler, especially one with a long record of flouting the law like Citadel Securities. Research heavily suggests that internalization is bad for markets https://papers.ssrn.com/sol3/papers.cfm?abstract_id=407005 


It's time to remove the profiteering middlemen from the system, and let the markets be more efficient without meddling and monopolous entities creaming off the top of the economy. 


I want to see higher fines that actually serve as a significant deterrent. 




Regards, 
Toby