Jun. 12, 2024
To Whom It May Concern, I am writing to express my concern regarding the proposed 45-day delay of File Number SR-FINRA-2024-007. As an active participant in the financial markets, I believe that this delay is unacceptable for several critical reasons. Firstly, the timely implementation of the regulations outlined in SR-FINRA-2024-007 is essential to maintaining market integrity and protecting investors. Any postponement could result in prolonged exposure to risks that the new rule aims to mitigate. Secondly, the market participants have been anticipating these changes and have likely begun preparations to comply with the new regulations. A delay at this stage would cause significant uncertainty and could disrupt the operational plans of many firms. Finally, the urgency of these regulations should not be underestimated. The proposed rule changes address vital aspects of the market conduct and oversight that are crucial for the stability and transparency of our financial system. Any delay in the implementation could undermine these goals and weaken investor confidence. In light of these considerations, I respectfully urge the SEC to reconsider the proposed 45-day delay of File Number SR-2024-007 and proceed with the implementations originally scheduled. Ensuring prompt action on this matter is in the best interest of all stakeholders involved. Thank you for your attention to this important issue. Sincerely, Justin Um umks1980@gmail.com