Subject: S7-01-23: WebForm Comments from KEVIN M OBRIEN
From: Kevin M. O'Brien
Affiliation:

Mar. 15, 2023

March 15, 2023

 I don't think that there should be exemptions for risk-mitigating hedging activities, bona fide market making  certain liquidity commitments when it comes to the proposed rule. We need to level the playing field for all parties involved in the market and if there is a conflict of interest certain entities should not have an exemption. It may give them an advantage over another party and this would not lead to a fair and open market. Section 27c should not be part of the rule.

Thank you