Mar. 31, 2023
File No. S7-32-22; Release No. 34-96496: Regulation Best Execution To Whom It May Concern: As an individual investor, I support this rule proposal. It is an important move towards protecting individual investors and fostering free and fair markets. It is the duty of the broker to provide their customers with best execution and this duty needs to become a rule, enforced by the Securities and Exchange Commission to ensure transparency and accountability for broker-dealer actions. Some brokers, such as Robinhood in December 2020, were charged by the SEC for failing to satisfy their obligation of best execution, resulting in $34.1 million aggregate loss to its customers. The proposed rule would set a detailed standard for broker-dealers to follow when executing orders, and provide more robust execution practices. This is far better than the current state of our markets where an individual orders may be sent to a subpar trading firm with a hidden revenue agreement to the broker and pay higher prices and/or experience slower execution. Again, I support this rule proposal for a step in the right direction of returning our markets to the ideal free-and-fair system we've been promised. Sincerely, A Concerned Investor Sent with Proton Mail secure email.