Mar. 26, 2023
March 26th, 2023 By Email Vanessa A. Countryman Secretary U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 205499–1090 rule-comments@sec.gov Re: S7-32-22 Regulation Best Execution Dear Secretary Countryman, I am a household investor who is greatly concerned about the transparent and fair functioning of our financial markets. I am writing in favor of the SEC adopting the S7-32-22 Regulation Best Execution proposal. My concerns include but are not limited to aspects of the current system as it relates to: a) Existing conflicts of interest of broker-dealers with regards to their use of Payment for Order Flow ("PFOF") b) The lack of clear and enforced written polices, procedures, documentation, and periodic review with respect to the best execution standard. c) Transparency and auditing by the SEC, other regulatory agencies, and the public as to how handling of orders is occurring with respect to S7-32-22 I believe the proposed changes outlined in the S7-32-22 will go a long way to addressing these and other significant concerns. The United States of America must remain a leader and innovator in fair and transparent financial markets. To that end, constant vigilance, diligence, and prudent evolution of our financial systems are required - this includes adoption of the S7-32-22 proposal in full and without delay. Respectfully submitted, Mr. Peterson