Subject: File No. SR-NYSE-2023-09
From: Thomas Meagher

Re NYSE proposed modification to list NAC: The NYSE needs to keep to standards. In the elemental understandings of the term stock and exchange - those terms have meant a reliable platform where an equity interest in a firm shall be exchanged from buyer and seller at price explored by parties in an arms length transaction. If any part of price discovery for any NAC is to be routinely managed / supported / limited (except to maintain an orderly market in times of strain) the NYSE should avoid listing such an NAC. The NYSE has an excellent and clear purpose that needs to remain. The NYSE is an important tool to do a specific valuable thing. There are a myriad of valuable things America should do that are not a fit for this clean economic forum. Respectfully - TJ Meagher, Esq. for M&M RAM, LLC.