Mar. 18, 2023
Hello, I would like to comment on the proposed Regulation Best Execution rule. I fully support this rule as transparency is critical to the fair functioning of a market or anything. The lack of transparency breeds distrust, as we are seeing in the banking sector today. The proposed Regulation Best Execution rule would begin to address the lack of transparency in our markets by requiring detailed policies and procedures for all broker-dealers and more robust policies and procedures for broker-dealers engaging in certain conflicted transactions with retail customers, as well as related review and documentation requirements. The interests of a fair market should always be placed above the interests of broker-dealers engaging in conflicted transactions. I do not believe these broker-dealers always place the interests of a fair market above their own, so we need more rules that increase transparency and address the lack of trust our markets currently have. Thank you, A concerned investor