Subject: S7-32-22: WebForm Comments from Dimitri Karnezis
From: Dimitri Karnezis
Affiliation: Attorney

Dec. 28, 2022

December 28, 2022

 Im in favor of this rule, as it helps retail investors - the backbone of the US economy - however, when is the SEC (or Congress) going to implement meaningful rules that actually fix some of the root issues with our markets? What happens if young investors - domestic and abroad - lose faith in the US markets and refuse to participate in them as they get older? Why are institutions allowed to FTD (fail-to-deliver) shares, particularly with technological solutions currently available that can provide near instantaneous execution? In what other industry can I solicit money from customers without providing any consideration in return? Totally ridiculous and should be illegal, but for regulatory loopholes written by Harvard-educated lawyers (like me). How can market makers be allowed to have their own affiliated investment funds? Isnt that an obvious conflict of interest? Retail investors (myself included) are losing faith in our markets. We need real changes that level the playing field
  for all participants and root out corruption/bad actors with meaningful penalties - not slaps on the wrist that are insignificant line-items in these companies balance sheets. The markets should be fair and transparent, but sadly theyre not. I still have hope, however, which is why Im submitting this comment. Please help the retail public and restore faith in our markets.