Subject: S7-32-22
Form Type E

 
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