Dec. 28, 2022
December 28, 2022 It's long overdue for the SEC to add regulations around best execution, so this is a good start. It's better than nothing and I support its passing. I don't believe it goes far enough and I expect that this will need to be revisited and expanded further in the future. Since the advent of high frequency algorithmic institutional investing... our markets have been heavily skewed against every other trader in the markets... from retail traders, to banks, to pension funds. It has been wholesale theft for what... nearly two decades now? For too long regulations have been tailored to favor wall street hedge funds, and they have become so emboldened that, to some extent now, it can be argued that they now threaten the economy on a global level. They have proven time and time again that they lie each and every time they say in so many words, \"trust me bro, we're smart and we'll do the right thing.\" If that were true, then why would they so vehemently oppose regulations insisting they actually follow through on what they assure us that they are doing? Because they are not. This regulation, if enforced strictly, will be a good start at reigning in bad behaviors that have become the norm for too long. Thank you.