Subject: S7-32-22: WebForm Comments from Richard May
From: Richard May
Affiliation: Individual Investor

Mar. 24, 2023

 


  March 24, 2023

 I am writing this comment to oppose the comment from NYSE, Charles Schwab, and Citadel Securities submitted March 6th, 2023 regarding the retail auctions and best execution. I believe the SEC should have had a \"Best Ex\" rule in place long ago instead of relying on SROs to enforce the regulation, therefore this is long overdue and welcomed.

I also believe the data provided in these proposals fully supports that these rules will go a long way in creating a more equal playing field for all market participants. Off-exchange trading seems to be widening spreads and harming investors, both retail and institutions.

Thank You,

Richard May