Subject: File No. S7-32-22
From: david ellenberger
Affiliation:

Mar. 19, 2023

 

Dear Ms. Countryman, 


As a retail investor in US markets, I applaud the commissions efforts to increase transparency, competition and equality across trading. We still have a long way to go to see this through, but we are headed in the right direction. That being said, I support the proposed Best Execution rules laid out in S7-32-22. I only ask that the commission remain strong in their resolve to making real change in this area, and not give in to the complaints of major players such as Citadel, Virtue, and others currently profiting off the current imbalance incurred by PFOF. Their business models are threatened by your proposed changes, but from my perspective their business models exploit investors like me by not exposing my orders to direct competition 


Thank you for your continued efforts to better US markets, and stay strong in your resolve. You are headed the right way 


Thank you for your time, 


DE