Jan. 5, 2023
January 5, 2023 As an individual investor, I support this proposal. This rule would establish a best execution standard (the SEC does not have one - only FINRA does), and this standard would hold brokers that engage in conflicted transactions for or with a retail customer to a higher standard. In my opinion this does not go far enough, there should be an even stronger standard for these conflicted brokers that recognizes payment for order flow is not compatible with best execution and they should be held to an order-by-order standard. But rules mean nothing if they are not enforced, if there is no real punishment for violating these rules any fines paid for breaking them can be considered a cost of business (paying 5% of what you stole is NOT punishment) Please pass these rules as quickly as you possibly can and keep in mind that a lot of individual investors would gladly do without the so called \"price improvement\" offered by wholesalers even if it meant paying more for our trades.