May 11, 2016
As the overseer of fair and right trading practices, and particularly the protector of the rights and interest of the investor, it is incumbent on the SEC to approve IEX's application to become an exchange. We request that the agency do so at the June hearing on this issue. The HFT industry has clearly shown itself as self interested, deceptive and greedy, shunning it's responsibility to manage assets and execute trades in the full interest and benefit of it's clients. For this reason there is NO CHOICE but to approve IEX's application to become an exchange, thereby leveling the playing field and providing the investor a level of protection and control over their equities and transaction that is wholly unavailable right now.