Mar. 18, 2023
March 18, 2023 As an individual investor, I strongly support the proposed Regulation Best Execution, as outlined in Release Nos. 34-96496 and File No. S7-32-22. This regulation aims to enhance the quality of execution for individual investors by requiring broker-dealers to prioritize the best execution of client orders over their own financial interests. The regulation mandates that broker-dealers must establish and implement policies and procedures that are reasonably designed to achieve best execution for their clients' orders, taking into account a variety of factors, such as price improvement opportunities, speed of execution, and cost of execution. This requirement ensures that broker-dealers must act in the best interests of their clients, rather than prioritizing their own financial interests. Furthermore, the proposed regulation enhances transparency and accountability by requiring broker-dealers to disclose their best execution practices to clients. This disclosure will allow investors to evaluate the quality of execution that they receive from their broker-dealer and make informed decisions about their investment strategies. Overall, I believe that the proposed Regulation Best Execution will provide individual investors with greater protection and enhance the quality of execution that they receive. By mandating that broker-dealers prioritize the best interests of their clients, the regulation will help to level the playing field and ensure that all investors receive fair and equitable treatment. Therefore, I strongly support the adoption of this proposed regulation.