Mar. 21, 2023
March 21, 2023
Dear Sir or Madam,
As a foreign national invested in US stocks, I am writing to express my support for the SEC's proposed rule, File No. S7-32-22 Release No. 34-96496 Regulation Best Execution, including the SEC's efforts to reduce conflicts of interest and increase transparency in the routing of orders by brokers and wholesalers.
The proposed rule aims to update and modernize the regulatory framework for broker-dealers to ensure that they provide best execution to their clients. Specifically, the rule seeks to increase transparency in the routing of orders by requiring broker-dealers to disclose material information about their order routing practices to their clients.
As a foreign investor, I believe that the proposed rule will help increase transparency and foster fair competition in the US equity markets. By requiring broker-dealers to disclose information about their order routing practices, the rule will enable investors to make more informed decisions about where to place their orders and to ensure that they are getting the best possible execution.
Furthermore, the proposed rule seeks to reduce conflicts of interest by requiring broker-dealers to prioritize the best interests of their clients when routing orders. I believe that this is a crucial step in protecting the interests of investors, particularly foreign investors who may not be as familiar with the US equity markets.
In conclusion, I support the SEC's proposed rule, File No. S7-32-22 Release No. 34-96496 Regulation Best Execution, and I believe that it will help increase transparency, promote fair competition, and enhance investor protection in the US equity markets. Thank you for your attention to this matter.
Sincerely,
Max B