Best execution is important in trade execution for individual investors Clear guidance needed to read and interpret Regulation NMS Rule 605 reports Brokers owe customers a duty of Best Execution based on common law principles and fiduciary obligations Conflicted orders do not belong in a Best Execution rule Without best execution rule, customers may not be aware of revenue arrangements and pay higher prices Robinhood, Citadel, and brokers recommending mutual funds have faced best execution charges from the SEC Quarterly reviews of execution quality would provide transparency and accountability Proposed Regulation Best Execution would promote fair and efficient markets, protect investors