Jul. 29, 2023
Dear Public Comment Review Committee, Overall, I believe this proposed rulemaking (S7-32-10) would positively impact retail investors by mandating simplified, standardized disclosures from broker-dealers and investment advisers about key information retail investors need to make informed decisions. Retail investors can better compare firms and understand the relationships by increasing transparency on fees, costs, conflicts, services, and disciplinary history. This should empower investors and allow them to make choices in their best interests. Requiring the Form CRS content upfront also helps set clear expectations between investors and firms. Broker-dealers and investment advisors should not have an unfair advantage in the market. As a retail investor, I am in support of any proposed rules that "level the playing field" in the trading and data space. Thank you for the SEC's continued efforts to root out corruption, collusion, and opacity in the financial markets. Phillip