Jan. 13, 2023
January 13, 2023
The proposed Regulation Best Execution is a crucial step in protecting the interests of individual investors. The current system, in which there is no SEC-mandated best execution standard, is inadequate. The proposed rule would establish a best execution standard, and this would hold brokers that engage in \"conflicted transactions for or with a retail customer\" to a higher standard.
However, in my opinion, this doesn't 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. I strongly support the proposed Regulation Best Execution as it would help ensure that individual investors receive the most favorable terms for their trades. The duty of best execution is a fundamental aspect of investor protection, and it's time for the SEC to take a more active role in enforcing it. It's imperative that we take the necessary steps to protect the interests of individual investors and promote fairness in the markets. And this proposed rule is a vital step in achieving that goal.