May 9, 2026
Dear Secretary and Commission Members As an individual investor and shareholder of AMC Entertainment Holdings / GameStop Corp., I am writing to formally support Petition 4-785 and urge the Commission to invoke SEC Rule 304(a)(4). The current market structure for these specific securities has become fundamentally detached from the principles of fair and open price discovery. For over two years, a significant majority of daily trading volume for AMC and GME has been routed through Alternative Trading Systems (ATS), or "dark pools," rather than lit, public exchanges. My concerns as a shareholder are as follows: 1.Distorted Price Discovery: By routing buy orders away from public exchanges, market participants are effectively suppressing the natural effects of supply and demand. This creates a "two-tiered" market where the public price no longer reflects the true sentiment of the investing public. 2.Lack of Transparency: The term "dark pool" itself highlights a lack of visibility that fosters a perception of a corrupt and "sleezy" environment. Investors deserve to see trades executed in real-time on transparent, regulated exchanges where every participant has equal access to information. 3.Public Interest and Trust: The SEC's mission is to protect investors and maintain fair, orderly, and efficient markets. The continued use of off-exchange venues to internalize retail orders undermines public trust in the U.S. financial system and allows for predatory practices like naked shorting and artificial price suppression to thrive. I respectfully request that the SEC use its authority under Rule 304(a)(4) to suspend the trading of AMC and GME on all ATS venues for a period of at least 14 days. This action is necessary to restore transparency, allow for true price discovery, and prove that the American markets remain a fair "level playing field" for all, not just institutional insiders. Thank you for your time and for fulfilling your duty to protect individual investors. Sincerely, David Vincent Francis UK Investor