Mar. 31, 2023
March 31, 2023 I support this rule to increase fairness and transparency in our markets. Brokers owe their customers a duty of best execution derived from common law agency principles and fiduciary obligations. However, this duty needs to become a rule that the SEC can enforce to ensure transparency and accountability for broker-dealers' practices. It is essential to provide clear guidance on how to read and interpret the data in Regulation NMS Rule 605 reports, especially for retail investors who may not have a deep understanding of the markets. Quarterly reviews of execution quality would provide transparency and accountability for broker-dealers' practices, which would protect individual investors.