Apr. 01, 2023
Aloha, I am in support of the rule. ATS (Alternative Trading Systems) SEC-regulated electronic trading platforms that match buyers and sellers of stocks) ATS should establish and enforce written policies and procedures to prevent fraudulent and manipulative practices. This would help to protect individual investors from abusive practices in the ATS market. Sending orders to a wholesaler for internalisation should not be the only option available to investors. Competition in the marketplace is necessary to regulate markets better and barriers to competition, such as the conflicted nature of PFOF, should be removed. The SEC should prioritise creating a competitive market structure that benefits investors and encourages transparency. Mahalo, KEITH NOBLE