Mar. 31, 2023
The Regulation Best Execution is a good step in the right direction to protecting household investors and promoting efficient and fair markets. Investors should have access to the best priced quotations available in the NMS which will help the Commission reduce conflicts of interest by increasing transparency. Consolidated market data should be provided with no charge to the investing public which includes household investors. I'm tired of my orders being internalized by wholesalers with no price discovery. Alternative Trading Systems(ATS) should be implemented with a variable minimum pricing model for both quoting and trading of NMS stocks, which would promote transparent and fair pricing across all trading venues maximally benefiting all investors. I support any initiative that prevents and identifies fraudulent actors and practices that undermine the functionality, credibility and integrity of the US markets. Wholesalers who internalize my order should not be the only option household investors have. Brokerages can charge high fees, so the fees should be capped. We need more competition and transparency in the American markets. PFOF and internalization through wholesalers needs to end. Thanks, A concerned household investor.