Mar. 31, 2023
Dear SEC, I am writing to express my strong support for the proposed changes to Alternative Trading Systems (ATS) rules, which would promote transparency and reduce conflicts of interest in the routing of orders by brokers and wholesalers. As an individual household investor, I believe that these changes would be highly beneficial for investors like myself, who rely on fair and transparent trading practices to protect our investments. I would like to emphasize the importance of ATS submitting detailed disclosures about their operations, including how they manage conflicts of interest and order routing practices. This information would make it easier for investors to understand how ATS operate and how their orders are executed. Additionally, I support the proposal to establish written policies and procedures to prevent fraudulent and manipulative practices, which would help to protect individual investors from abusive practices in the ATS market. I also strongly recommend implementing a variable minimum pricing increment model for both quoting and trading of NMS stocks, which would further promote fair and transparent pricing across trading venues. Competition in the marketplace is essential for regulating markets and ensuring a level playing field for all investors. Therefore, I urge the SEC to prioritize creating a competitive market structure that benefits investors and encourages transparency. Thank you for your attention to this important matter. Sincerely, A household investor