Mar. 8, 2023
Dear SEC, As an individual investor that your institution is supposed to protect against unlawful practices, I support this proposed rule File #S-7-32-22 change. The SEC should do everything possible, to protect investor funds from brokers, banks, market makers, and any other organization that commits malpractice or fraud. Furthermore, I think it's outrageous that so many conflict of interests exist in our stock market. How is having access to all systems, self regulation/reporting, and small fines for infractions deemed fair? The individual investor does not enjoy the same or equal access. It's a severely unleveled playing field. There are players in the market that control prices of equities. Market Makers gather so much power from brokers, that they can decide if the price of a stock goes up or down. If they want/need the price to go down, they channel all the buy orders from investors thought their market maker power through dark pool. Of course the price does not reflect the increased demand through the increased buy orders. And if they want/need the price to go up, they execute all buy orders through lit markets and all sell orders through dark pools. Of course the price of the stock will do exactly as the market makers have planned; it will go up. I appreciate the chance to send in this comment and to express my concern and frustration about certain practices in the current exchange markets. Please change things that are not protecting and helping individual investors like me to be able to trade in a fair and equal way for everybody in the market. Thanks much for your consideration. Mucki Bo