Subject: S7-32-22: WebForm Comments from Lukas Boller
From: Lukas Boller
Affiliation: Engineer, Retail Investor

Dec. 27, 2022



December 27, 2022

 RE: File Number S7-32-22:


In this proposed rule File No: S7-32-22 its all about Best Execution Regulation. I think it's a good proposal and goes into the right direction.

Finally, the best execution regulation would establish a best execution standard (the SEC does not have one - only FINRA does), and that standard would hold brokers who engage in \"conflicted transactions for or with a retail customer\" to a higher standard.

An even higher standard should be set for conflicted brokers to ensure that accepting payment for order flow is not consistent with providing the best execution. These brokers should be held to an order-by-order standard.


Sincerely,
Lukas Boller
Engineer, Retail Investor